Bitcoin overtakes PayPal on value transferred, sets sights on Mastercard: Report -Breaking
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It already processes more dollar volume than PayPal (NASDAQ:). And the biggest decentralized cryptocurrency network by market capitalization in the world could overtake Mastercard (NYSE (NYSE:) as soon as 2026.
The Thursday market intelligence platform report Blockdata titled “When might the Bitcoin network process volumes like Mastercard & Visa?” points out that the Bitcoin network processed about $489 billion per quarter in 2021, which is greater than PayPal’s $302 billion. After just 12 years in existence, Bitcoin processes about 27% of Mastercard’s $1.8 trillion per quarter and 15% of Visa’s $3.2 trillion.
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