According to the latest data from Visa, the Bitcoin blockchain is rapidly catching up with the world’s largest payment network in terms of transaction volumes and has already left services such as PayPal behind.
Stablecoins have been gaining popularity since 2020 thanks to low fees, speed of transfers and active use in DeFi, which has allowed them to overtake PayPal and get closer to traditional financial systems.
Bitcoin, despite its limited bandwidth, continues to increase transaction volumes thanks to the introduction of Layer 2 (Lightning Network), which increases speed and reduces the cost of transactions.
If the current trend continues, blockchain systems could become fully integrated into everyday payments and catch up with traditional financial systems.
