SmartMetric will be launching its SmartMetric Biometric Bitcoin Card designed to help further accelerate bitcoin’s adoption and usage rates. SmartMetric’s card is the world’s first biometric, fingerprint secured, off-line storage platform for bitcoins. It makes using bitcoins as easy as using a standard debit or credit card that is tied to the dollar or any other traditional currency.
According to numbers published by bitcoinwatch the past daily average of bitcoins traded was 359, 846 which equates to a daily trading US dollar transaction value of USD287, 876, 800 per day. This already is greater than Western Union’s USD216,000,000 and fast approaching PayPal’s USD397,000,000 estimated daily transaction volume.
“In the next one or two years, bitcoin can surpass the dollar transaction volumes of other established payments companies including Discover, and even American Express, MasterCard, and Visa,” stated SmartMetric CEO Chaya Hendrick. “Cards from the largest payment card companies can’t be used for very large dollar value transactions such as buying and selling cars and homes. Bitcoin can and is. Bitcoin is an all pervasive payments system suitable for anything from micro-purchases to seven-figure ticket items. This means it has the potential within a short period of time to transact daily and annual dollar volume amounts that eclipse today’s payments giants, Visa and MasterCard. By making spending bitcoins even easier, our SmartMetric Biometric Bitcoin Card™ can contribute to this phenomenon.”
The Market Cap as of today based on the latest price of Bitcoin is USD10, 270, 735, 560.
“An analysis of these charts shows that the number of daily bitcoin transactions has been less volatile than the bitcoin transaction volume in terms of dollars. This points to the use of bitcoin accelerating in a more consistent way than most people realize. When combined with large ticket purchases, this can really have an impact on how quickly bitcoin can surpass established payment systems,” Hendrick added.
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