Bitcoin Has Processed More Value Than PayPal This Year

Bitcoin Has Processed More Value Than PayPal This Year


  • Bitcoin has processed extra greenback quantity than PayPal to this point this 12 months.
  • The peer-to-peer community transacted round $489 billion per quarter on common in 2021, whereas PayPal amounted to $302 billion.
  • However Mastercard and Visa nonetheless course of extra money than Bitcoin.

The Bitcoin community processed 62% extra worth in {dollars} than PayPal this 12 months, in response to a report by Blockdata. The agency additionally analyzed the quantity transacted within the Mastercard and Visa networks. Though Bitcoin presently lags behind the bank card companies, the report explored attainable paths for the peer-to-peer (P2P) community to overhaul them.

To this point this 12 months, Bitcoin transacted an estimated common of $489 billion per quarter, whereas PayPal amounted to a median of $302 billion. Mastercard and Visa, then again, nonetheless lead the pack with $1.8 trillion and $3.2 trillion processed per quarter on common, respectively.

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