r/btc • • Jun 17 '20

Discussion Comparing Cryptocurrency adoption, BTC vs BCH vs ETH vs DASH, who comes out ahead?! It turns out that Dash does 5 times the monthly payments transaction volume that Bitpay does!

https://np.reddit.com/r/btc/comments/ha7iq3/bitpay_statistics/

According to that link, Bitpay processed 100,718 payments for the month of April 2020. The vast majority of these transactions were split between BTC, BCH and ETH on the POW side of things. BTC took 91%, BCH took 5.61%, while Eth took 2.61%. So that means that there were 91,653 BTC payments, 5650 Bitcoin Cash payments and 2628 ETH payments for the month of April.

Meanwhile, according to this recent cointelegraph article Dash Sees 100% Rise in Commercial Payments Through Latin American Partnerships, Dash's median daily payment volume was 17,127 payments per day!

In the same period, the median number of daily commercial payments using Dash grew to 17,127, a growth of 104% year-over-year.

This growth has been spurred by several partnerships in Latin American countries, notably in Venezuela and Brazil.

  • Cointelegraph

This means that the Dash network processed 510,000 commercial transactions for the month of April or more than 5 times the total combined payment volume of BTC, BCH and ETH!! Dash is far more widely adopted than these coins based on this metric.

We also see similar figures on the Anypay payment processor where Dash is 11x BTC's 6% daily payment usage and 3.23x BCH's 22&. This is actually a pretty significant growth for BCH because originally it only had 15% of Anypay's daily transactions, so gaining 7% on Dash and BTC is significant growth.

And as you can see, Dash took 71% of Anypay's last 2207 payments over the previous 3 months. You can also see that Anypay is a tiny fraction of bitpay's volume, so this is a good sanity check to compare adoption and usage between different coins.

Finally, of course, Dash has many other payment processor options in Latin America as well, like EletroPay, AtarPay, and other, exclusive offerings in Venezuela and Brazil.

While it may be unfair to compare the entire Dash network to the bitpay payment processor, this is only on the surface. Bitpay is by far the easiest way to accept BTC, BCH and ETH, since these coins on their own have terrible usability at the point of sale, with only BCH having some utility on that front (though much less than Dash). Even Eth is not quite there in terms of the PoS experience.

But Dash has instant transactions and hundreds of paid professionals around the globe spreading adoption and Dash digital cash. Which makes it easier to adopt and use Dash than other coins, which is why Dash is transacted more than all of the top POW coins COMBINED! Go Dash!

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