According to recent data, for the first time in history the average quarterly volume of transactions in USD recorded on the Bitcoin network surpassed the volume processed by online payments giant PayPal.
According to said data, this year the Bitcoin network processed an estimate average of 489 billion USD per quarter and PayPal processed 302 billion USD, which means that Bitcoin surpassed it by some 62%!
That said, the Bitcoin transaction volume still pales in comparison to the amounts processed by payment providers like Visa and MasterCard this year, which sit around 3,2 trillion and 1,8 respectively.
It is expected, however, that by 2026 Bitcoin will surpass both of them.
Source
Personally, I find the idea that it could surpass Visa and MasterCard mind-boggling. I have no doubt that it could happen, but it's still hard to actually picture it.
According to said data, this year the Bitcoin network processed an estimate average of 489 billion USD per quarter and PayPal processed 302 billion USD, which means that Bitcoin surpassed it by some 62%!
That said, the Bitcoin transaction volume still pales in comparison to the amounts processed by payment providers like Visa and MasterCard this year, which sit around 3,2 trillion and 1,8 respectively.
It is expected, however, that by 2026 Bitcoin will surpass both of them.
Source
Personally, I find the idea that it could surpass Visa and MasterCard mind-boggling. I have no doubt that it could happen, but it's still hard to actually picture it.
