Friday, 1 July 2016

Credit cards are used over 20 Billion times a year, averaging $88 a purchase, in the US. Bitcoins average tx amount is $3000.


I just ran across some interesting data in regards to credit card usage.http://bit.ly/29fWmPc Federal Reserve reports that credit cards are used more than 20 billion times a year in the U.S., with the total value of these transactions at about $1.9 trillion.Based on the number of transactions and the number of credit card holders, the average card holder uses a credit card 119 times a year, for transactions averaging $88 apiece. This comes to an average annual total of about $10,500 in credit card purchases.Compare that to bitcoin's average transactions size of ~$3000https://tradeblock.com/bitcoin/Bitcoin is serving a completely different use case than credit cards and our fees are very reasonable for the utility. via /r/Bitcoin http://bit.ly/29wdBcC

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