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Bitcoin overtakes Paypal on value transferred, sets sights on Mastercard: Report

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CoinTelegraph

Fri, Nov 26, 2021

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A Nov. 25 report from market intelligence platform Blockdata titled When might the Bitcoin network process volumes like Mastercard and Visa?

Three factors could see the Bitcoin network to rise to the level of the two credit card giants in terms of total volume processed: the total number of transactions , the average amount of Bitcoin sent per transaction, and the rise of the price of Bitcoin ( BTC ).

“It’s impressive how Bitcoin, as a 12-year-old decentralized network, is 27% of the way in terms of volume processed compared to Mastercard, a company founded in 1966.”

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