3 ms·

Bitcoin transaction volume in USD for the last 24 hours was $ 224 million. Not sure how much WU turnover in transaction value a day...

• underyx 10y ago
  The best data I could find on this is in their 2015 annual report, which says they've had $81.6 billion in consumer-to-consumer transfers[0], which made up 79.21% of their revenue[1], so I guess we can estimate an annual turnover of $103 billion, which comes out to $282 million per day over the year of 2015. [0]: http://s1.q4cdn.com/568883301/files/doc_financials/2015Annual/2015-Annual-Report.pdf http://s1.q4cdn.com/568883301/files/doc_financials/2015Annua... - page 66 [1]: http://s1.q4cdn.com/568883301/files/doc_financials/2015Annual/2015-Annual-Report.pdf http://s1.q4cdn.com/568883301/files/doc_financials/2015Annua... - pages 59 & 64
  • throwawaysocks 10y ago
    Most of their revenue = Most of their volume is questionable. Do you have any sense for whether revenue and vole are roughly correlated here?
    • underyx 10y ago
      Nope, I'd assume that B2B has lower fees/margins, so the actual daily volume should be higher than my calculation said above. Still, it should be enough to establish that WU is still a fair bit ahead of BTC.
• bdcravens 10y ago
  Keep in mind though that anyone with reason, could easily fake a lot of volume: 2 address, starting amount, swap back and forth until you eat up the whole thing with fees.
• kalleboo 10y ago
  Doesn't that by necessity include all the change as well? So it's a misleading number if you want to take it for "this is how much people are paying each other with bitcoin"