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Bitcoin surpasses PayPal in transaction volume and is seeking Mastercard now

Bitcoin surpasses PayPal in transaction volume and is seeking Mastercard now



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7 Comments

  1. There isn’t a way to accurately know that. Nobody can tell which address is a change address, nobody knows what the purpose of every Bitcoin transaction is, and nobody can count volume and transactions over the Lightning Network.

  2. tldr; Bitcoin processes about 27% of Mastercard’s $1.8 trillion per quarter and 15% of Visa’s $3.2 trillion, according to a report by market intelligence platform Blockdata. The Bitcoin network processed about $489 billion per quarter in 2021, which is more than PayPal’s $302 billion. Bitcoin could surpass Mastercard as early as 2026 or just in 2060.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. There is a lot more plausible deniability on the Bitcoin blockchain than many give it credit for

    For example: Some blockchain surveillance (BS) companies claim they can identify illicit activity on the Bitcoin blockchain but their results are all over the place https://www.fatf-gafi.org/media/fatf/documents/recommendations/Second-12-Month-Review-Revised-FATF-Standards-Virtual-Assets-VASPS.pdf Starting with paragraph 70 on page 22. On graph 3 the FATF contacted 6 or 7 different BS companies with widely different results on the question

    > Proportion of identified illicit bitcoin transactions between 2016-2020 (left: number of transactions15; right: USD value16)

    For example in 2019 the range for number of transactions is between 0.5% and 12.7% while the USD value in 2020 ranged from 0.2% and 15.4%

    Furthermore with Taproot value can be moved off the Bitcoin blockchain onto an altcoin blockchain moved along the altcoin blockchain then moved back onto the Bitcoin blockchain somewhere else. The BS companies would have no clue that this even happened by engaging on BS on the Bitcoin blockchain.

    Edit: 1 I am talking about atomic swaps between Bitcoin and an altcoin with no exchanges involved.

    Edit: 2 Here is an example, https://www.youtube.com/watch?v=du5RB50Dkkw, of claims that

    > Bitcoin Is The Most Transparent System In The World

    Dead wrong in my view.

What do you think?

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