Total payments and total online payments. When do you think bitcoin will become 15 to 18 percent of those? Thanks.
not sure why you would choose me to try and guess, but here it goes:
15%-18% of overall world trade volume: never. Too much inertia with the old system, too much vested interest in government currencies and gold, and too much room and time for similar, bitcoin-like innovation to creep in.
About total
online payments (as opposed to POS) - chances are still slim to nil. If no major disasters strike, including unintended/unforseen consequences of the block size limit algorithm, we might get there in a year or two. The trend so far is great, no? What do you think?
I believe bitcoin will be the mobile choice for payments, making it surpass many currencies. One example is Africa:
They find that people will skip a meal or choose to walk instead of paying for a bus fare so that they can keep their phone in credit. Meanwhile, mobile-phone operators have been giving free access to sites such as Wikipedia to entice customers.
Still, only 16% of respondents said they were using their phones to browse the internet. The real breakthrough in the Kenyan market has been in people’s ability to send and receive money, with more than two-thirds doing so by phone.
They will actually
skip a meal in Africa for their cellphone. When they find out the small or lack of fees with bitcoin, they will switch.
Mobile is changing everything, adding bitcoin to it will be even more revolutionary.