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Satoshi Capital Research, the quantitative cryptocurrency hedge fund, recently boldly stated that "BTC is not only a serious global currency, but also a serious global payment system." The Atlanta-based hedge fund said yesterday on its Twitter page that Bitcoin's trading volume for 2018 exceeded $ 3.3 trillion, which is six times the number of transactions compared to PayPal for the same year.
Bitcoin is something more
There are many people in the crypto space who have always believed that Bitcoin was not up to date and that the underlying technology was obsolete. There are enthusiasts who still believe in the digital badet and, in their view, it serves only as a store of value. If we take a look at Ripple, we think it's the ideal cryptocurrency for payments. This point of view is not totally wrong, because the Ripple payment system is not only cheap, but very cheap.
The recent badysis of Satoshi Capital Research also suggests that the volume of Bitcoin transactions exceeding $ 3.3 trillion in one year is a sign that this is a major means of payment. Not only that, because the volume of transactions last year was six times higher than that of the payments giant, PayPal.
This alone is a positive indicator that the future of Bitcoin is optimistic.
Border control
For Bitcoin and other crypto-currencies, one of the advantages of these cards is that they have no borders. The main cryptocurrency is the first badet that has this characteristic, which makes it very well suited to transactions without having to undergo any form of censorship.
Whereas if we take a look at PayPal, there are many restrictions. For example, in Africa, several countries are not allowed to receive payments through the system. It's no wonder that Bitcoin is taking over PayPal customers worldwide.
If we look at last year, statistics show that crypto-currencies, in general, will resume transactions from some of the biggest players in the sector in the near future. SWIFT is already dominated by Ripple and Bitcoin is now at the top of PayPal.
What are your thoughts? Tell us what you think down in the comments!
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