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Bitcoin (BTC) Processes More Dollars Than PayPal and Discover in 2018

Bitcoin (BTC) Processes More Dollars Than PayPal and Discover in 2018

Bitcoin has processed more than $1.3 trillion USD this year in 2018, which places it ahead of both PayPal and Discover. Cryptocurrency is getting more and more adoption with mainstream consumers, whether or not the price action reflects it directly.

Based on a report from crypto analyst Yassine Elmandjra who works at ARK Invest, a New York firm, he states that too many people are focused on the number of transactions BTC handles annually instead of the actual dollar amount in an aggregate total:

BTC is placing itself ahead of traditional fiat exchanges but still isn’t close to Visa, which processed $9 trillion in 2017. Though, Visa is used for consumer purchases while PayPal and BTC are in the P2P money transfer filed. However, this just goes to show how digital currency is catching up to the big boys, and BTC is leading the way.

Long-time reader of crypto. One of the first graduating classes of Blockchain and Future Trends. Writer, journalist, and newbie technical analysis price speculator. Learning about the development of cryptocurrency and blockchain technology around the world is my job. ICOs, whitepapers, and cryptoculture are my things.

Disclaimer: Our authors may hold active positions in one or multiple cryptocurrencies discussed on this news portal. Opinions expressed at AWSMO are NOT investment advice and any investment in one or more cryptocurrencies may be high-risk and extremely volatile. Please due your due diligence before making any investments in any cryptocurrency. Your investments are your own risk and you assume full responsibility for your actions.

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