Bitcoin tops PayPal by 62% in the number of transactions processed in 2021 By BTC Peers – Investing.com
- Date: 26-Nov-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Bitcoin tops PayPal by 62% in the number of transactions processed in 2021 By BTC Peers – Investing.com
Although critics continue to argue the viability of as a global payment option, the flagship cryptocurrency has continued to show promise in adoption and growth as it processed 62% more transactions in terms of dollar value than PayPal (NASDAQ:) this year.
Blockdata published a report on Nov. 23 comparing Bitcoin with payments giants MasterCard and Visa (NYSE:). The Blockdata report focused on whether Bitcoin could compete with the two payment networks, and the conclusion was positive.
Since the beginning of the year, the Bitcoin network has consistently processed about $489 billion per quarter, while PayPal processed $302 billion per quarter. However, MasterCard and Visa were way ahead at $1.8 trillion and $3.2 trillion per quarter, respectively.
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