Bitcoin Transaction Volume Tops PayPal, Creeps Up on Visa

mazdafunsun

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Quote from: ardhigalau on November 14, 2018, 06:44:32 AM

From what I see, more and more people use bitcoin as a payment tool. Paypal and Credit Card are old-fashioned, it's time we switch to bitcoin.

This is like a very narrow view, cryptos are long way of bring adopted especially in physical stores because current payment options are just more easy to implement than cryptos.
i havent seen any place with crypto POS, I would love to see that.

dr_chen

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Bitcoin is the strongest decentralized currency and bitcoin challange various kinds of rejections from parties like goverments and bank. They try to block adoption of bitcoin the world economy and development of new ways that can be applied transaction and payment. But they have limited control on bitcoin and they only cause some fluctuations on its price.

AiBBio

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in my opinion although things such as both value and volume as in how much money was transferred through bitcoin and how many transactions per second it processes are great things to achieve, there is another important matter that we should not forget...
bitcoin is the only decentralized currency that has been created. when comparing it with PayPal and Visa you are comparing apples and oranges. decentralized currency with a distributed ledger versus centralized payment processors with a database. they are not even comparable.

ardhigalau

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From what I see, more and more people use bitcoin as a payment tool. Paypal and Credit Card are old-fashioned, it's time we switch to bitcoin.

plr

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Quote from: Phlaser on August 26, 2018, 07:49:44 AM

To many, Bitcoin’s shot at “real-world” utility is defined by the yardstick of Visa’s transactional throughput; yet, the original cryptocurrency now purportedly handles more annual transacted value than PayPal—and appears to be gaining on Visa, fast.

https://cryptoslate.com/bitcoin-transaction-volume-tops-paypal-creeps-up-on-visa/

This I agree and it's only a matter of time before they surpass visa's transactions,Bitcoin is still in adoption period and we are growing fast once it totally becomes mainstream it will even double the transactions of visas and Paypal combined the volume can easily tell that to us.

mazdafunsun

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STATISTICS, you shuld look closely at them beofre jumping to conculsions.

Most of Bitcoin txs are done because of speculation not buying goods
This is about volume not tx amount, and tx amount matters because small online and off line purchases is where we spend our money on daily basis.

btyco

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A lot of people will use different currency instead with faster transaction times. This means crypto has probably already surpassed visa and the bull run hasn't even started yet

syberwolfen

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This is a good news for BTC users and it's community it is proving how fast it is growing. The only thing which disappoints is government should legalize this, still in many countries they have banned this and say it as illegal. This is technology is developed only to avoid third party transactions and to benefit the public.

Eirecoin

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★Bitvest.io★ Play Plinko or Invest!

Quote from: Phlaser on August 26, 2018, 07:49:44 AM

To many, Bitcoin’s shot at “real-world” utility is defined by the yardstick of Visa’s transactional throughput; yet, the original cryptocurrency now purportedly handles more annual transacted value than PayPal—and appears to be gaining on Visa, fast.

https://cryptoslate.com/bitcoin-transaction-volume-tops-paypal-creeps-up-on-visa/

This is great news, PayPal should start accepting Bitcoins or any other cryptocurrencies as a form of funding your balance as many other wallets are starting to do so. And Visa, Mastercard & American Express and the other financial companies should do something like a credit card or debit card funded with bitcoins that would be nice that too. Perhaps they have already plans for this but I guess we have to wait and see

perla

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Quote from: rosemary4u on November 13, 2018, 05:32:32 PM

Quote from: annasadia on August 30, 2018, 11:31:41 AM

Bitcoin, as assumed, will take the place of Gold sooner or later. BTC is being used as a value and sometimes as an exchange, but it was, is and will be as "resource" and a worthy investment. Time will sing the song.

Bitcoin as a mode of payment is far better than most of the payment methods that we have. I think bitcoin would replace PayPal anytime soon, I believe bitcoin is doing amazing well, I think bitcoin and PayPal can coexist as methods of payment. Personally I prefer bitcoin to PayPal since bitcoin is widely accepted in many parts of the world.

It will be good if bitcoin and Paypal can collabs and together make some payment, or maybe Paypal add bitcoin as their payment system so we can use it to pay safely in a lot of merchant like paypal.

rosemary4u

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Quote from: annasadia on August 30, 2018, 11:31:41 AM

Bitcoin, as assumed, will take the place of Gold sooner or later. BTC is being used as a value and sometimes as an exchange, but it was, is and will be as "resource" and a worthy investment. Time will sing the song.

Bitcoin as a mode of payment is far better than most of the payment methods that we have. I think bitcoin would replace PayPal anytime soon, I believe bitcoin is doing amazing well, I think bitcoin and PayPal can coexist as methods of payment. Personally I prefer bitcoin to PayPal since bitcoin is widely accepted in many parts of the world.

[ProTrader]

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Activity: 644

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Quote from: Phlaser on August 26, 2018, 07:49:44 AM

To many, Bitcoin’s shot at “real-world” utility is defined by the yardstick of Visa’s transactional throughput; yet, the original cryptocurrency now purportedly handles more annual transacted value than PayPal—and appears to be gaining on Visa, fast.

https://cryptoslate.com/bitcoin-transaction-volume-tops-paypal-creeps-up-on-visa/

Bitcoin is open for improvement and upgradable. Sooner or later there will be another fork to address that issue. It may not be today because we cannot rush everything and it needs more trial to make sure the security will not be compromise.

Nathaniel_Jones

newbie

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I'm sure, PayPal is convenient for a while, but now we know how much money we can save with bitcoin transactions, I can not wait for official bitcoin to become a digital coin. Although prices can now be very attractive, this is an important milestone that we should celebrate. This only demonstrates that the spirit of bitcoin and cryptos is not dead so we should not lose hope. But even when doing other transactions, BTC is still serving its purpose. Bitcoin is used for transactions from one address to another for different reasons. When people know about chain blocking now, they are currently using BTC for different applications!

pawanjain

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Nothing lasts forever

Quote from: Phlaser on August 26, 2018, 07:49:44 AM

To many, Bitcoin’s shot at “real-world” utility is defined by the yardstick of Visa’s transactional throughput; yet, the original cryptocurrency now purportedly handles more annual transacted value than PayPal—and appears to be gaining on Visa, fast.

https://cryptoslate.com/bitcoin-transaction-volume-tops-paypal-creeps-up-on-visa/

Isn't this should be obvious considering the fact that there is billions of amount of bitcoins held by the people of crypto community and most of them transact it from one address to other ? Or am I missing some info here ?
Anyway it is good to know that the volume is more than paypal and visa. This gives us a hope that Bitcoin might some day become a real world utility and might be legally used all over the world.

Chrissanth5524

newbie

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I'm sure, PayPal is convenient for a while, but now we know how much money we can save with bitcoin transactions, I can not wait for official bitcoin to become a digital coin. Wow is great to hear. This only demonstrates that the spirit of bitcoin and cryptos is not dead so we should not lose hope. But even when doing other transactions, BTC is still serving its purpose.

Spring_Butin

newbie

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Although prices can now be very attractive, this is an important milestone that we should celebrate. Bitcoin is used for transactions from one address to another for different reasons. When people know about chain blocking now, they are currently using BTC for different applications! The transaction is faster and safer so I think many will join in the future.

Phlaser

newbie

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Quote from: biskitop on August 28, 2018, 07:38:17 PM

what I see here, the obvious difference between bitcoin and paypal is, transaction time. bitcoin can be faster than paypal. even bitcoin only takes 1 hour when paypal must take up to 4 days. obviously it makes people switch to bitcoin and the volume of bitcoin transactions increases beating paypal.

You got the point exactly. With the transaction time cut off, many would prefer to make payment for services rendered with Bitcoin for speedy payment without much delay or having to submit queries to support. Bitcoin no doubt is taking iver the world.

earnadoge

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Quote from: Phlaser on August 26, 2018, 07:49:44 AM

To many, Bitcoin’s shot at “real-world” utility is defined by the yardstick of Visa’s transactional throughput; yet, the original cryptocurrency now purportedly handles more annual transacted value than PayPal—and appears to be gaining on Visa, fast.

https://cryptoslate.com/bitcoin-transaction-volume-tops-paypal-creeps-up-on-visa/

So this might show all the shady people making enormous transactions, as well as gambling transactions. IF PayPal is somewhat close to bitcoin transactions, they must make a lot of money. I hope that sooner or later bitcon and other coins are accepted everywhere online.

annasadia

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Bitcoin, as assumed, will take the place of Gold sooner or later. BTC is being used as a value and sometimes as an exchange, but it was, is and will be as "resource" and a worthy investment. Time will sing the song.

coinwizard_

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Most Advanced Crypto Exchange on the Blockchain

They should add all of crypto as bitcoin is a bit slow and clunky at the moment. Other altcoins are quicker and better so if they add monero and other dark market coins it will definitely go above paypal and visa.

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