“According to Decker, each channel can process about 500 tx per second. With thousands of channels being utilized at once, #Bitcoin could theoretically scale beyond not only any other #cryptocurrency but any other payment method, including VISA.”

“According to Decker, each channel can process about 500 tx per second. With thousands of channels being utilized at once, #Bitcoin could theoretically scale beyond not only any other #cryptocurrency but any other payment method, including VISA.” submitted by /u/Bitcoin_21
[link] [comments]

Bitcoin – The Currency of the Internet

Survey: 89% of Visa, Mastercard, Unionpay Users Know Crypto – 53% Have Purchased (news.bitcoin.com)

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…

Bitcoin

No, Visa Doesn’t Handle 24,000 TPS and Neither Does Your Pet Blockchain (news.bitcoin.com)

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: 

Bitcoin

Visa and Mastercard are actually slower to settle than Bitcoin

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.

submitted by /u/timosborn
[link] [comments]
Bitcoin – The Currency of the Internet

VISA and Mastercard make it harder to buy Bitcoin and other cryptocurrencies

Sometime in the last week Bitcoin investors started noticing additional fees on their bank statements. It turns out that VISA and Mastercard both decided (how convenient!) to reclassify the way Bitcoin and other cryptocurrency purchases are processed on their networks. Incidents like this pose several …
Google Alert – bitcoin