Each Transaction Costs the Bitcoin Network $45, Large Improvements Needed to Beat VISA144

Bitcoin is sometimes cited as a potential competitor to leading payments processing service VISA. However, data from the Bitcoin blockchain suggests the network has a long way to go before it can match the convenience, speed, and cost of VISA.

According to its annual report, VISA processed over 120 billion transactions in 2018 which moved $11.2 trillion. Worldwide, there are 3.3 billion VISA cards in circulation on a network that boasts 65,000 transactions per second in capacity.

Original source
https://cryptoslate.com/each-transaction-costs-the-bitcoin-network-45-large-improvements-needed-to-beat-visa/

Add comment

Please Sign in to be able to leave comments.