| submitted by /u/localcoinatm
To many, Bitcoin's shot at “real-world” utility is defined by the yardstick of Visa's transactional throughput; yet, the original cryptocurrency now …
Google Alert – bitcoin
A global study of cryptocurrency purchases made by users of Visa, Mastercard, and Unionpay cards shows that 89% of respondents are knowledgeable about crypto and 53% have purchased some in the past 12 months.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
A Global Study
Global payment service…
When it comes to measuring the speed of new blockchains, the comparison is always with Visa. Despite not being a blockchain, the 24,000 transactions per second Visa reportedly handles have attained mythical status. That figure is unquestioningly trotted out whenever scaling is discussed. In reality, claims of Visa’s throughput, as well as those of emerging blockchains, have been greatly exaggerated.
Also read: …
I'm and accountant and I have a fun fact to tell you. A typical company has expenses of 0.5% of online transactions that are not honoured upon settlement by the bank. Visa and Mastercard actually take days to settle and are actually much slower than #Bitcoin.