Bitcoin Could Overtake Card Payments Within Next Decade
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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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....
The world's biggest credit and debit card company will support payments with a South Korea-developed cryptocurrency for an upcoming virtual card offering.
It is no secret that any type of card reader can be used for both legal and illegal activities. Making credit card payments in most countries involves either the customer or cashier to swipe the card through a card reader. Square, a company, known for its credit card payment processing capabilities, faces some security concerns as far as their Square Reader device is concerned. With technology evolving at a rapid pace, a lot of focus is being put on making the entire payment experience more convenient for customers. As a result of that ideology, applications and hardware have been released....
Coinbase has introduced the first U. S. -issued bitcoin debit card, the Shift Card, in partnership with Shift Payments. The Shift Card is a Visa debit card that currently allows Coinbase users in 24 states to spend bitcoin both online and at physical points of sale at more than 38 million merchants worldwide. "Merchant adoption has come a long way over the past few years, but it's still difficult for people to make regular purchases with bitcoin," notes the Coinbase announcement. "Buying gas at a local gas station or groceries at a neighborhood grocery store with bitcoin has not been....
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,....