Comparing Bitcoin With Paypal

This post is a short comparison with Paypal. Total Daily Volume is a more accurate depiction of actual usage of a particular technology or services.

This was in 2011. $315 million payments per day.

The latest in this below.

106.44 billion in the last quarter, or 3 months – so $1.183 billion per day. That is 4 times on the value in 2011. Compare with current top volume cryptocurrencies below.

Litecoin: $137 million
Ethereum: $652 million
Closest to Paypal is Bitcoin Cash at $1.2 billion daily volume

Some months ago, Ethereum was doing $1 billion daily volume too, on par with Paypal.

Furthermore, Paypal is the means to do a trade. To pay for goods in eBay. To accept payment for a service. Most of the value in these crypto charts are exchanges. Therefore not a true measure of daily USAGE volume, by speculative volume.

Tether is a good indicator of flow or entry point of direct USD into cryptocurrencies. And outflow too. But alas, unless there is a Tether of all countries or currencies, then we can know how much is flowing in. It’s still not plain and simple to calculate from available sources such as LocalBitcoins, and not public yet potentially high value entries such as Remitano.

My original post featured in PentaPrison.wordpress.com - link here.
https://pentaprison.wordpress.com/2017/08/21/comparing-with-paypal/