Bitcoin's Daily Blockchain Transaction Volume Rivals Visa and MasterCard

IconCryptoNewsTerminal Staff17 Jul, 2024

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Bitcoin's Daily Blockchain Transaction Volume Rivals Visa and MasterCard

Bitcoin (BTC) is experiencing a surge in on-chain transaction volume, reaching levels comparable to traditional payment giants Visa and MasterCard. According to a recent report by Glassnode, BTC's daily on-chain transaction volume has soared to approximately $46.4 billion. This remarkable figure aligns with the transaction volume handled by Visa and MasterCard, solidifying Bitcoin's position as a significant player in the global financial landscape. The surge in Bitcoin transactions suggests increased adoption and usage of the cryptocurrency for everyday transactions. As more merchants and individuals embrace Bitcoin, its transaction volume is expected to continue rising, further challenging the dominance of traditional payment systems.

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