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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Bitcoin to overtake PayPal in 2014. The Laureate Trust has announced, via a press release to The Digital Journal, that they expect Bitcoin to pass PayPal in USD transaction volume later this year. The Trust has pointed out that Bitcoin is fast establishing itself as the currency of choice for international internet purchases and payments. Bitcoin has now reached a transaction volume of $300 Million, per day. The Laureate Trust sees the current Bitcoin price, now circa US$530-560, as a tremendous opportunity to buy into Bitcoin, they advise that the currency could increase by up to 50....
With the price of bitcoin seemingly on the up and up, there's no shortage of conversation on the topic of where the price goes from here. There's seemingly no shortage of optimism, either, with the value of bitcoin up a whopping 18 percent in the past week. Hedge fund Laureate BVI is taking part in that optimism, after issuing a speculative buy rating on the digital currency back in February. "Whenever you have an instrument that trades over 300 million US dollars a day, it must be recognized," says Laureate CEO Peter Tasca, according to Digital Journal. "The digital currency works,....
The volume of electronic payments surpassed cash transactions in 2016, beating fiat for the first time in history. Bitcoin could overtake credit and debit card payments within the next decade. Euromonitor International (EI), a global market intelligence provider, revealed that electronic payments settled with credit and debit cards nearly reached $25 trillion in the past 12 months. The chart provided by EI below does not take account of other Fintech or financial service providers such as Alibaba’s Alipay, whose market cap is larger than that of PayPal, at $60 bln. Bitcoin, Alipay, PayPal....
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