Report: Bitcoin vs the $156 Trillion Global Payments Industry
- "Worldwide adult ownership of financial accounts has risen from 51% in 2011 to 76% in 2021 according to The Global Findex Database 2021, and an estimated 10% of the global population does not have a government-issued ID to open an account."
- "There is roughly 2.34 million bitcoin stored on 20 major exchanges as of June 2023." 500k is held on Coinbase, and 630k BTC is held on Binance.
- "An estimated 70% of users hold bitcoin on exchanges and 80% in mobile or desktop wallets, so there is a significant overlap between the 32.9 million active entities and exchange users."
- "89% of consumers do not engage in payments and hold their bitcoin to make a profit. U.S. consumers are discouraged from spending bitcoin through taxation rules that turn transactions into taxable events."
- "El Salvador’s central bank reported that from January to May 2022, Chivo Wallet processed $52 million in remittances or 1.6% of its total estimated volume of $3.175 billion. This number is relatively high, given how new Bitcoin is to many people."
https://www.nobsbitcoin.com/report-river-bitcoin-vs-payments/
No Bullshit Bitcoin
npub1hx…qagw3
2023-06-15 08:59:02
Author Public Key
npub1hxjnw53mhghumt590kgd3fmqme8jzwwflyxesmm50nnapmqdzu7swqagw3Published at
2023-06-15 08:59:02Event JSON
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"content": "Report: Bitcoin vs the $156 Trillion Global Payments Industry\n\n- \"Worldwide adult ownership of financial accounts has risen from 51% in 2011 to 76% in 2021 according to The Global Findex Database 2021, and an estimated 10% of the global population does not have a government-issued ID to open an account.\"\n- \"There is roughly 2.34 million bitcoin stored on 20 major exchanges as of June 2023.\" 500k is held on Coinbase, and 630k BTC is held on Binance.\n- \"An estimated 70% of users hold bitcoin on exchanges and 80% in mobile or desktop wallets, so there is a significant overlap between the 32.9 million active entities and exchange users.\"\n- \"89% of consumers do not engage in payments and hold their bitcoin to make a profit. U.S. consumers are discouraged from spending bitcoin through taxation rules that turn transactions into taxable events.\"\n- \"El Salvador’s central bank reported that from January to May 2022, Chivo Wallet processed $52 million in remittances or 1.6% of its total estimated volume of $3.175 billion. This number is relatively high, given how new Bitcoin is to many people.\"\n\nhttps://www.nobsbitcoin.com/report-river-bitcoin-vs-payments/",
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