Bitcoin P2P Surpasses PayPal 2021 Average Net Transactions Record by Over $187 Billion - Aliens: AI Crypto News & Markets Updates

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Bitcoin P2P Surpasses PayPal 2021 Average Net Transactions Record by Over $187 Billion

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ZyCrypto

Fri, Nov 26, 2021

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Aliens TLDR

The record puts Bitcoin P2P transactions on the world stage as the third biggest behind Mastercard and Visa.

A recent report by blockdata has revealed that the Bitcoin network is currently ranked amongst the top three for the highest US dollar transactions made in a quarter.

Comparing Bitcoin side by side with some of the world’s biggest fiat payment processing giants like Mastercard, Visa, and PayPal, it was discovered that Bitcoin completed significantly more transactions than PayPal on a quarterly basis by approximately $187 billion.

However, it would take over a 255% increase in transaction volume for BTC to cross over the trillion-dollar mark and reach Mastercard network levels and another additional 280% to match up to that of the visa network.

This is, however, not impossible and can be done if Bitcoin records a price increase that matches the gap between it and the two top contenders — in this case, a $245,000/BTC for Mastercard and $435,000/BTC for Visa would suffice.

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