Topic > asa - 742

Today Bitcoin records a daily transaction volume of $34,227,224 and a total number of transactions of 65,394 and this gives it a privileged place among the top 10 online payment systems with the highest volume and which they also carry out the largest amount of transactions. There has been a lot of speculation about whether Bitcoin will replace big players like Visa, PayPal or Western Union among the rest of the top 10. And this is something you should certainly consider. Bitcoin is both a currency and a payment system. A cheaper, autonomous and faster system has serious advantages over its competitors. VOLUME ($) QUANTITY Data: "www.coinometrics.com" (1) Nowadays it is not possible to accumulate money instantly over the Internet with zero commissions. Many migrant workers are only able to send money to their families in another country by donating 10% of the transaction value to Western Union. With bitcoin the process becomes almost free. Another example is that, to use PayPal, you have to create an account, link it to your bank account (providing all sorts of personal information), and wait three days for the money to be sent. from your bank account to your PayPal account. Once again this does not happen with Bitcoin. The process is simplified. (2)Until the invention of bitcoin, online digital payments had to rely on trusted third parties such as Visa, Western Union or PayPal to keep a record of account holders' balances. In other words, a register of who owns it. For example, if "A" sends $1 via PayPal to "B", PayPal will deduct $1 from "A"'s account and add it to "B's" account. Another reason for the existence of a third party is the double spend1 problem......half card......itcoin may not yet be able to compete with proven and reliable companies like Visa, Paypal or Western Union, is on the right path to becoming more profitable. Its infrastructure is getting stronger (due to the ever-increasing difficulty and security of the network) and the adoption rate is slowly increasing. The truth is that more and more people and companies continue to join the Bitcoin ecosystem every day, increasing the spread of Bitcoin wealth and uses. Additionally, new programs are continually being developed to make Bitcoin easier to use so that everyone may be able to overcome the technological barrier that holds back the majority of the population. Bitcoin is a decentralized movement driven equally by its users. Unlike the rest of the competitors in the graph, he has no leadership, and being in tenth position in those conditions says a lot about his nature.