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Crypto has roughly $70 billion a day in total transaction volume. Visa's credit/debit processing network by comparison does about $34 billion a day. (The Visa
by mike_d 4y ago
Crypto has roughly $70 billion a day in total transaction volume. Visa's credit/debit processing network by comparison does about $34 billion a day.
(The Visa number is from 2020, I couldn't quickly find a more recent number)
- deleted 4y ago[deleted]
- rocket_surgeron 4y agoTraders trading amongst themselves isn't really a transaction. It's a bunch of bros moaning "arbitraaaaaaaage" while trying to rip each other off. The amount of crypto used for actual goods and services probably amounts to about $3.50 per day. $3.50 is much less than $34 billion
- deepsun 4y agoWe're talking about DDoSing a bank. So we should count only bank transactions. If I make a new cryptocurrency today and announce it is worth 50 trillion-trillion volume and start trading with myself, that doesn't DDoS no bank.