Bitcoin Tops PayPal For First Time in Total Transactions
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Yesterday represented a milestone for the Bitcoin network which recorded over $416 million in transactions. It was the first time Bitcoin topped PayPal in the dollar amount of daily transactions.
However, one transaction alone in Bitcoin was valued over $145 million. Of course, these levels are not achievable on PayPal which is part of why they, and everybody else, will be left in Bitcoin’s wake.
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| From Nov. 22, 2013 |
Also notable, this same address has been used to move a total of $500 million the last few days, according to Redditors who study the blockchain. It seems like some heavy hitters are swinging for the fences with Bitcoin.
UPDATE: The $150 million transfer was reportedly done by BitStamp’s address, the world’s second largest exchange.
Read more about Bitcoin here.
