In 2021, bitcoin settled more transaction volume than some of the world’s biggest credit card companies, including Amex according to recent research.
New research has found that the annual transaction volume on the Bitcoin network surpassed that of some well-known card networks, such as American Express and Discover, during 2021.stated that Bitcoin processed $3 trillion worth of payments during 2021, placing it above popular credit card networks American Express and Discover .
“This is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,” they wrote. American Express issued its first card in 1958, and Discover in 1985. It also should be noted that the study only looked at the $USD value of transaction volume, rather than the actual number of transactions. Therefore, it’s likely that most of the BTC transactions were simply users purchasing, swapping, and selling their BTC rather than using it to pay for anything.
“At the end of 2021, transaction volumes have been growing by nearly 100% annually over the past 5 years.”that the Bitcoin network could potentially match the dollar value transferred on Mastercard’s network by as early as 2026. It also found that the Bitcoin network already processes more volume by dollar value than PayPal.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Bitcoin miners believe global hash rate to grow ‘aggressively’Bitcoin miners explain why the Bitcoin network is the strongest it's ever been while commenting on the need for green energy, benefits of IPOs and stronger blockchain innovation.
Les mer »
Bitcoin Transfer Volumes See Massive Uptrend In Institutional Dominance, Signaling Market BreakoutInstitutional investors continue demonstrating their dominance in the Bitcoin market. According to on-chain data provider, Glassnode, 65% of recent transactions’ transfer volume in the market exceeds the level of $1 million, implying that institutional investors are mostly responsible for the...
Les mer »
Report: Bitcoin mining network accounts for 0.08% of world's CO2 productionDespite most of Bitcoin mining energy use still coming from fossil fuels, it appears it has little effect on the environment in a broader context.
Les mer »
Report: Bitcoin mining network accounts for 0.08% of world's CO2 production⬆ +13 Report: Bitcoin mining network accounts for 0.08% of world's CO2 production $BTC bitcoin $BCH mining XBT
Les mer »
Anti-Asian hate crimes increased 339 percent nationwide last year, report saysNew research released Monday finds that hate crimes targeting the Asian American community have reached some unprecedented levels.
Les mer »
Adult Swim Promo Readies for Next New Season PremiereAmericanDad's newest season is hitting AdultSwim soon, and has dropped a new promo to celebrate! Check it out:
Les mer »