More and more people all over the world are starting to have a taste of what crypto means, and they are using Bitcoin these days. BTC managed once again to defeat PayPal in terms of annual transaction volume.
More info collected from various global statistics portals showcases the same thing: that the Bitcoin network managed to have $1.3 trillion worth of transactional volume last year.
PayPal, on the other hand, had $578.65 billion worth of payment transactions during the same timeframe. This was the second time in a row Bitcoin outran PayPal.”
This is not the first time when this happens because back in 2017, the Bitcoin network had posted 543.52 billion more transactional volume than PayPal.
PayPal and crypto
PayPal is not competing with Bitcoin or crypto. Back in 2018, Coinbase rolled out an option that allows instant PayPal withdrawal capability to customers in the US, and now they have extended the functionality to Europe as well.
More rollouts are expected in various countries over the months to come.
Coinbase aims to become a leader in the industry and a move to achieve this was introducing PayPal as a payment option on the platform.
Using PayPal, users can easily deposit and withdraw their funds with transactions taking place almost instantly.
It’s pretty safe to say that basically, PayPal is supporting the mainstream adoption of crypto, making it much easier for people to use digital assets without too much hassle.
Crypto adoption is on its way
The mainstream crypto adoption gets support these days from various more or less expected huge names. The latest significant ones are Google, Samsung, and Facebook.
Mark Zuckerberg, Facebook’s controversial CEO is reportedly exploring the blockchain technology for the users of the world’s largest platform which could also lead to a lot of people’s exposure to crypto and the underlying tech.