The story of how Bitcoin surpassed payments giant Visa

AMBCrypto
AMBCrypto

17 Sep 2023 10:30 PM

It was revealed that Bitcoin's annual transaction volume exceeded that of Visa, one of the world's largest payment networks....

  • Bitcoin's on-chain transactions experienced parabolic growth in 2023.
  • The Bitcoin blockchain is becoming a popular medium for transaction settlement.
  • Bitcoin's annual transaction volume surpassed that of Visa.
  • The biggest spike in transactions occurred in 2023, driven by the popularity of BRC-20 tokens and Ordinals.
  • Bitcoin has shown resilience in navigating the crypto market's ups and downs.
  • The number of BTC wallets holding a minimum of 0.01 coins reached an all-time high.
  • Bitcoin's price has seen decent gains over the past week.
  • The market is awaiting a decision on multiple spot ETF applications from the SEC.

The article discusses positive developments for Bitcoin, such as its growing transaction volume, resilience in the market, and retail demand. However, it also mentions the anticipation for a decision on ETF applications, which may create uncertainty.

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You May Ask

What were the two key phases that caused an eruption in Bitcoin's network traffic?What drove the biggest spike in transactions in 2023?How has Bitcoin's retail demand remained robust despite market challenges?What is the current price of Bitcoin and what gains has it seen over the past week?What is the significance of the SEC's delayed decisions on spot ETF applications?

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