Bitcoin Has Processed More Value Than PayPal This Year
The peer-to-peer network processed 62% more value in dollars than PayPal, a report showed.Bitcoin has processed more dollar volume than PayPal so far this year.The peer-to-peer network transacted around $489 billion per quarter on average in 2021, while PayPal amounted to $302 billion.But Mastercard and Visa still process more money than Bitcoin.The Bitcoin network processed 62% more value in dollars than PayPal this year, according to a report by Blockdata. The firm also analyzed the volume transacted in the Mastercard and Visa networks. Although Bitcoin currently lags behind the credit....
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Bitsika Africa, a crypto startup operating out of Ghana and Nigeria, said Monday that it processed almost $40 million in remittances in 2020, up from just under $1 million the previous year. Founder and chief executive officer Atsu Davoh said that deposits accounted for $18.87 million of the total volume, with payouts making up $17.89 million. Internal peer-to-peer transfers made up $3.19 million of total volume, he added. Davoh did not reveal how much of the total volume constituted bitcoin (BTC)-denominated remittances. The CEO had not responded to questions sent to him at Press time.....
PayPal, the world's primary method of online payment as just announced it was stopping online domestic payments in Taiwan. Today the online payment company issued a notice to its Taiwan customers announcing it was stopping domestic transactions in the Island. The company argued that this decision was made to comply with local laws and regulations. PayPal announcement stated: "Dear customers, We'll be streamlining our services in Taiwan, and our system will be enhanced to ensure that domestic commercial payments will not be processed, in compliance with local laws and regulations. These....