The volume of electronic payments surpassed cash transactions in 2016, beating fiat for the first time in history. Bitcoin could overtake
credit and debit card payments within the next decade.
Euromonitor International (EI), a global market intelligence provider, revealed that
electronic payments settled with credit and debit cards nearly reached $25 trillion in the past 12 months.
The chart provided by EI below does not take account of other Fintech or financial service providers such as Alibaba’s Alipay, whose market cap is larger than that of PayPal, at $60 bln.
Bitcoin, Alipay, PayPal - trendsetters of electronic payments
Bitcoin settles around 200,000 transactions on a daily basis, according to the world’s most widely used Bitcoin wallet service provider.