Bitcoin settles $31 billion worth of transactions

coin Bitcoin settling more than 30 one billion dollars worth of transactions in one day, beating other payment gateway systems like Master Card Mastercard and visa Visa.

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While the network witnessed a decrease in these settlement numbers, to about 12 one billion Now, that doesn't negate the fact that the network has grown 40x In the settlement value of the previous year, when the numbers were much lower than 10 one billion dollar.

$31 billion.

That's how much value was settled on the Bitcoin blockchain in a single day this week.

It's a new all-time high for Bitcoin, and a 40x jump in settlement value since 2020 began.

🚀 pic.twitter.com/sLroW28kwg

— Kevin Rooke (@kerooke) October 10, 2021

It also does not diminish the fact that This coin It's becoming increasingly mainstream, as we've seen a number of mainstream names and institutions adopt it.

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Popular Crypto Market Analyst says Willie was Willy Woo, speaking of this growth:

“The growth Bitcoin It was massive, because judging by the settlement numbers, it means that the asset is currently working 190 dollars per second.

Compare that to 130 A thousand dollars per second by Visa for US customers and 55 thousand dollars per second for MasterCard“.

Money moving on Bitcoin's blockchain is back near all time highs.

It's presently doing ~$190k per second. Compare this to $130k per second by Visa for US customers and $55k per second for Mastercard.

Lightning Network not included. pic.twitter.com/J3Baop3LXE

— Willy Woo (@woonomic) October 9, 2021

Bitcoin will only become more dominant

With the increase of digital currencies in the world, and more and more people are exposed to digital assets such as Bitcoin The number of transactions carried out by the main company is expected to increase daily.

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We have already seen the adoption of this currency from El Salvador, increasingly proving how crypto can be used to reduce costs associated with sending money abroad.

Other developing countries are also watching this development, which could incentivize them to adopt the asset as well.

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The popular Twitter user and pro-crypto user thinks, Anthony Pompliano  That this currency, and the entire crypto industry, would topple the traditional financial system.”to become more dominant“.

A report issued by the company Capgemini Recently, on the payment situation around the world, electronic payments will account for more than 25% of global transactions by the year 2025.

Which means that digital currencies like Bitcoin, And Ethereum, and others, that would play an increasing role in the new financial economy, and thus increase the value of the transactions that the company deals with on a daily basis.