Comparing Bitcoin to other online money transfer services is virtually pointless. It is like comparing apples with oranges, as there will never be any fair comparison to be drawn. That said, Bitaccess is keen on exploring how Bitcoin behaves compared to the likes of credit cards and PayPal. While promising, the information needs to be taken with a grain of salt.BITCOIN OUTPERFORMS PAYPALThe statistic shared on Twitter by BitAccess is rather misleading. While it confirms Bitcoins annual transaction volume has increased significantly, that is as far as the comparison goes. Claiming how Bitcoin has overtaken PayPal in annual trading volume in both 2017 and 2018 seems to be a bit of a stretch.
More specifically, PayPal notes major growth every single year. As such, one could easily claim that company has seen major growth as well, yet it doesnt reflect properly on these charts. It is true PayPal generated just 578 billion in transaction volume throughout 2018, it is more widely used than Bitcoin may ever be.
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https://themerkle.com/comparing-bitcoin-to-paypal-makes-no-sense/ Instead of outright turning down any form of comparison, there is need to understand where and the nature of such comparison. PayPal is a way to send money from one person to another, bitcoin can also be used for the same purpose which means this kind of argument is valid as far as the fact is concerned. The difference here is that while PayPal discriminates against certain countries due to reasons best known to them, bitcoin is available to all and sundry irrespective of color, location, or gender so far you have access to the internet, you have the same right as someone in the advance economy.
The point of disagreement or where comparison cannot be entertained is in the area anonymity. Anyone who wants to do that, should be properly explained to that the difference is clear just like the case of apple to oranges and such argument would only lead to waste of time and mere academic exercise.