Bitcoin is a currency and payment system, illogical comes from comparing the payment system with the payment system PayPal and then compare the market value of "currency" and thus get the wrong results.
The comparison must take into account many factors before making comparisons so as not to cause a collision between the data and then misinterpretations.
I think the best comparison will be after the application of the lightning network and the possibility of using the payment system for daily transactions.
Topic: [2019-09-09] Comparing Bitcoin to PayPal Makes no Sense - page 2. (Read 321 times)
At present, bitcoin is not outperforming PayPal. The entire marketcap of crypto is not up to $500B while PayPal's annual volume exceeds it.
However with the growing awareness of crypto worldwide, BTC might one day outperform PayPal.
However with the growing awareness of crypto worldwide, BTC might one day outperform PayPal.
Comparing Bitcoin to other online money transfer services is virtually pointless. It is like comparing apples with oranges, as there will never be any fair comparison to be drawn. That said, Bitaccess is keen on exploring how Bitcoin behaves compared to the likes of credit cards and PayPal. While promising, the information needs to be taken with a grain of salt.
BITCOIN OUTPERFORMS PAYPAL
The statistic shared on Twitter by BitAccess is rather misleading. While it confirms Bitcoin’s annual transaction volume has increased significantly, that is as far as the “comparison” goes. Claiming how Bitcoin has overtaken PayPal in annual trading volume in both 2017 and 2018 seems to be a bit of a stretch.
More specifically, PayPal notes major growth every single year. As such, one could easily claim that company has seen major growth as well, yet it doesn’t reflect properly on these charts. It is true PayPal generated “just” 578 billion in transaction volume throughout 2018, it is more widely used than Bitcoin may ever be.
Read More: https://themerkle.com/comparing-bitcoin-to-paypal-makes-no-sense/
BITCOIN OUTPERFORMS PAYPAL
The statistic shared on Twitter by BitAccess is rather misleading. While it confirms Bitcoin’s annual transaction volume has increased significantly, that is as far as the “comparison” goes. Claiming how Bitcoin has overtaken PayPal in annual trading volume in both 2017 and 2018 seems to be a bit of a stretch.
More specifically, PayPal notes major growth every single year. As such, one could easily claim that company has seen major growth as well, yet it doesn’t reflect properly on these charts. It is true PayPal generated “just” 578 billion in transaction volume throughout 2018, it is more widely used than Bitcoin may ever be.
Read More: https://themerkle.com/comparing-bitcoin-to-paypal-makes-no-sense/
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