Saturday, May 31, 2014

Bitcoin: $300 M / day and growing

Bitcoin Set to Overtake eBay's PayPal in Transaction Volumes:

"bitcoin is fast establishing itself as the currency to use globally and instantly to make purchases or payments over the internet recording nearly $300m (£178m, €220m) daily in transactions. 

 "Whenever you have an instrument that trades over 300 million US dollars a day, it must be recognized," Peter Tasca, CEO of Laureate Trust, said in a statement. 

 "The digital currency works, Bitcoin has greater volume transactions than Western Union and we anticipate it will overtake PayPal later this year."

PayPal processes payments totalling $315.3m every day, according to Statistic Brain.


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