Bitcoin to beat the likes of Visa and Mastercard according to a recent study
|- If growth continues for Bitcoin at the current pace, it can overtake the likes of Visa and Mastercard according to a study.
- The study believes the payment system of Bitcoin is far more superior to conventional international payments and wire transfers.
A recent study conducted by Datalight, suggests that Bitcoin will eventually overpower the likes of Visa and Mastercard.
They detailed that “In just 10 years, Bitcoin has managed to compete with the leaders of the payment system industry. Bitcoin’s development is occurring exponentially.” Further noting that if it maintains its current pace of growth, in another 10 years in can surpass all competition.
Datalight believes “right now Bitcoin’s payment system is much superior to the conventional international payments and wire transfers.”
Meanwhile noting that despite its current technical hurdles, Bitcoin will become the preeminent payment network of the world.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.