Bitcoin to Overtake Established Financial Companies in Volume

Bitcoin to Overtake Established Financial Companies in Volume

In 2013, the Bitcoin overtook the (former) world's largest remittance network Western Union's value of daily transactions, recording an average daily transaction volume of US$257 million. According to Coinometrics, institutional-level Bitcoin data and research firm, bitcoin was the 7th largest financial network in the world, just behind Paypal and Discover Network. Coinometrics provided Yahoo with this chart: Two years ago, the average number of daily Bitcoin transactions was 80,000 per day, falling behind Western Union and PayPal which processed over 1 million transactions and payments....


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