Bitcoin Nears PayPal's Market Cap, Severely Lags in Transaction Volume

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Mark Mason

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Feb 24, 2017
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Bitcoin Nears PayPal's Market Cap, Severely Lags in Transaction Volume


Bitcoin briefly topped PayPal’s market cap, while still lagging far behind in use.

PayPal, one of the global leading payments services outside of the banking industry, maintains a market capitalization of $71 billion. Earlier this week, Bitcoin, on an impressive growth spurt after the chain split at the beginning of the month, passed PayPal briefly, topping out at over $73 billion. Since then the price has experienced a correction, sitting near $68 billion at present.​
 
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