Saturday, November 23, 2013

Bitcoin Tops PayPal For First Time in Total Transactions

Activist Post

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.

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.




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