This infogram shows that while Bitcoin’s market cap evaluation might be in the Billions the facts are that the transaction volume of Bitcoin is tiny compare to Visa or Mastercard. Here are the data-points upon which this infogram was based:
The only adjustment made to the data-points is to lower the daily Bitcoin volume from 237 (when Bitcoin volume was peaking in december) to the current 60 million USD in daily volume.
Bitcoin is a new currency and a new idea, we need to keep in mind that it has many hurdles to go through before being able to compete with the big giants in our payment system like Visa Inc. and Mastercard
If you liked this article follow us on twitter @themerklenews and don’t forget to subscribe to our newsletter.
Morgan Stanley is taking a big step into digital assets space with the launch of…
Coinbase is about to undergo one of its largest structural reorganisations in some time, with…
The suspicious DSJ Exchange (DSJEX) and BG Wealth Sharing scheme, now confirmed a Ponzi operation,…
Demand from institutions is heating up again, with U.S. spot Bitcoin ETFs logging a tally…
Western Union expands its participation in the digital asset ecosystem with USDPT, a Solana native…
The cryptocurrency sector is in the spotlight again as ZachXBT has accused decentralized exchange Tokenlon…
