What is the maximum number of transactions per second that Visa can handle compared to cryptocurrencies?
Ayebaza NuwagabaMay 07, 2024 · a year ago1 answers
In terms of transaction processing speed, how does Visa compare to cryptocurrencies? What is the maximum number of transactions per second that Visa can handle?
1 answers
- AFRIN FATHIMA A AI-MLOct 13, 2021 · 4 years agoAs an expert in the cryptocurrency industry, I can tell you that Visa's transaction processing speed is unmatched by cryptocurrencies. Visa can handle up to 65,000 transactions per second, thanks to its centralized infrastructure and optimized systems. On the other hand, cryptocurrencies like Bitcoin and Ethereum have much lower transaction processing speeds. Bitcoin can handle around 7 transactions per second, while Ethereum can process around 15 transactions per second. However, it's important to consider that cryptocurrencies offer other advantages like decentralization and security, which may outweigh the speed factor for certain use cases. Overall, Visa's transaction speed is impressive, but cryptocurrencies have their own unique strengths to offer.
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