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Bitcoin Hits 1 Billion Transaction Milestone 10 Years Faster Than Visa

Published 05/06/2024, 04:02 PM
Updated 05/06/2024, 04:15 PM
© Reuters Bitcoin Hits 1 Billion Transaction Milestone 10 Years Faster Than Visa
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  • The Bitcoin blockchain network has processed its one-billionth transaction.

  • An analyst pointed out that the accomplishment surpasses Visa’s timeline by a decade.

  • Industry experts anticipate accelerated adoption as institutions enter the BTC market.

The premier crypto blockchain network, Bitcoin (BTC), has processed its one-billionth transaction. According to Clark Moody’s Bitcoin data, this milestone was reached on Sunday, May 5. The event comes when Bitcoin’s price shows signs of stabilization, hovering around the $64,000 mark.

Prominent figures in the Bitcoin community, including former Twitter CEO Jack Dorsey, have marked this development.

Tarik Sammour, an associate professor at the University of Adelaide, South Australia, also reacted to the Bitcoin milestone. Sammour emphasized that the Bitcoin network processed 1 billion transactions flawlessly, securely, and without any centralized intermediary.

Meanwhile, other market commentators have leveraged the opportunity to draw attention to Bitcoin’s performance compared to traditional payment networks. Matteo Pallegrini, the founder of the …

The post Bitcoin Hits 1 Billion Transaction Milestone 10 Years Faster Than Visa appeared first on Coin Edition.

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