Post
Topic
Board Bitcoin Discussion
Re: Bitcoin set to overtake Paypal in 2014 | CCN | #bitcoin #paypal
by
BittBurger
on 25/05/2014, 17:55:59 UTC
Want reality? Bitpay and Coinbase process about 90% of payments and their numbers total about $5m a day. Paypal does close to half a billion dollars everyday.

You're comparing only commerce numbers.   They are comparing numbers based on one thing:   "online funds transfers of any kind".   The ability to move money for any reason, friction-less-ly.  Paypal is restricted to commerce.  Bitcoin can do commerce and much, much more.  So its a little bit of a twist, but its a relevant comparison still.  However if you only look at b2c sales, then yes, Bitcoin is nowhere near PayPal. 

-B-