nevertheless an impressive amount of transactions.
Yes it is... and with Bitpay / Coinbase being accepted by more and more merchants around the world, we could expect a rather logarithmic increase in the transaction volume.
Topic: [2014-05-24] ibtimes: Bitcoin Set to Overtake PayPal in Transaction Volumes - page 2. (Read 1706 times)
May 24, 2014, 12:58:50 PM
Yes it is... and with Bitpay / Coinbase being accepted by more and more merchants around the world, we could expect a rather logarithmic increase in the transaction volume.
May 24, 2014, 12:23:48 PM
The daily transaction volume for Bitcoin is close to BTC100,000, after taking in to account all the minor exchanges and peer-to-peer transfers. That is equivalent to some $50 million at today's exchange rates. (Check Blockchain.info charts for reference).
So it is wrong to say that Bitcoin is having daily volumes of $300 million. In reality, the transaction volume is around one-sixth of that amount.
So it is wrong to say that Bitcoin is having daily volumes of $300 million. In reality, the transaction volume is around one-sixth of that amount.
nevertheless an impressive amount of transactions.
May 24, 2014, 08:28:28 AM
The daily transaction volume for Bitcoin is close to BTC100,000, after taking in to account all the minor exchanges and peer-to-peer transfers. That is equivalent to some $50 million at today's exchange rates. (Check Blockchain.info charts for reference).
So it is wrong to say that Bitcoin is having daily volumes of $300 million. In reality, the transaction volume is around one-sixth of that amount.
So it is wrong to say that Bitcoin is having daily volumes of $300 million. In reality, the transaction volume is around one-sixth of that amount.
May 24, 2014, 05:39:29 AM
Bitcoin Set to Overtake eBay's PayPal in Transaction Volumes
California-based hedge fund Laureate Trust says that bitcoin is fast establishing itself as the currency to use globally and instantly to make purchases or payments over the internet recording nearly $300m (£178m, €220m) daily in transactions.
"Whenever you have an instrument that trades over 300 million US dollars a day, it must be recognized," Peter Tasca, CEO of Laureate Trust, said in a statement.
...
Laureate manages a $5bn fund with investments in trade stocks, bonds and option contracts in over 100 regulated market exchanges.
In February, the hedge fund issued a "speculative" buy rating on bitcoin after the digital currency had survived two crashes causing a 70% drop in value within a few months.
http://www.ibtimes.co.uk/bitcoin-set-overtake-ebays-paypal-transaction-volumes-1449856
California-based hedge fund Laureate Trust says that bitcoin is fast establishing itself as the currency to use globally and instantly to make purchases or payments over the internet recording nearly $300m (£178m, €220m) daily in transactions.
"Whenever you have an instrument that trades over 300 million US dollars a day, it must be recognized," Peter Tasca, CEO of Laureate Trust, said in a statement.
...
Laureate manages a $5bn fund with investments in trade stocks, bonds and option contracts in over 100 regulated market exchanges.
In February, the hedge fund issued a "speculative" buy rating on bitcoin after the digital currency had survived two crashes causing a 70% drop in value within a few months.
http://www.ibtimes.co.uk/bitcoin-set-overtake-ebays-paypal-transaction-volumes-1449856
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