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Explained: How Bitcoin transactions compare to FedWire

Explained: How Bitcoin transactions compare to FedWire



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3 Comments

  1. Bitcoin is the settlement layer and Lightning the transaction layer so you cant really compare it.

    Lightning beats any transaction service in TPS but we need more user friendly intergrations that I dont have to explain my friends how to move your bitcoin into the LN network and out.

  2. tldr; Bitcoin can process an average of about 12,000 transactions per hour, or about 288,000 daily. In contrast, the payment network processing the most money in the world, FedWire, settles approximately 811,000 transaction worth $3.9 trillion every day. The US Federal Reserve has announced plans for a 24/7 payment service called FedNow for July 2023.

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

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