How Bitcoin Activity Stacks Up Against Other Payment Networks

Bitcoin is booming. The price of the virtual currency recently soared to more than $1,000, up from just $15 in January. Originally invented to facilitate anonymous and encrypted online payments, Bitcoin has recently attracted the attention of large-scale investors who use the currency as an object of speculation. These speculations have resulted in a surge of Bitcoin trading volume and an increase of the currency's volatility.

The daily transaction volume of Bitcoin is already higher than that of the global payment network Western Union and only 27% short of PayPal's daily transaction volume. As opposed to services such as PayPal though, the use of Bitcoin in the retail and commercial marketplace is relatively small and the lion's share of daily transaction can be attributed to speculation.



Infographic: How Bitcoin Activity Stacks Up Against Other Payment Networks | Statista
More info on this topic
You may also be interested in...
Newsletter

Yes, please send me a daily reminder for the 'Chart of the Day'

Please register for free to receive our daily infographic newsletter.
Download & Reference

FAQ
Who may use the "Chart of the Day"?
The Statista "Chart of the Day", made available under the Creative Commons License CC BY-ND 3.0, may be used and displayed without charge by all commercial and non-commercial websites. Use is, however, only permitted with proper attribution to Statista.

Which topics are covered by the "Chart of the Day"?
The Statista "Chart of the Day" currently focuses on two sectors: "Media and Technology", updated daily and featuring the latest statistics from the media, internet, telecommunications and consumer electronics industries; and "Economy and Society", , which inlcudes current data from the United States and around the world relating to economic and political issues as well as sports and entertainment.

Can Statista create customized charts?
Absolutely! For information on tailor-made and sector-specific Charts of the Day, please contact Felix Richter
(felix.richter@statista.com).