Bitcoin Hits Milestone, Surpasses Visa in Annual Transaction Volume Despite Challenges
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Bitcoin's annual transaction volume has surpassed Visa's. Major milestone considering Bitcoin is decentralized.
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"Transaction volume" can be misleading. Many BTC transactions are from protocols like Ordinals, not widespread retail use.
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Tricky to compare Visa and Bitcoin. Visa is centralized and optimized for consumer transactions. Bitcoin is decentralized.
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Surpassing Visa's transaction volume is still momentous. Shows growing influence of decentralized networks.
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Full decentralized payment adoption not going smoothly, e.g. issues in El Salvador.