A total of $296 million was spent globally across the bitcoin network on Cyber weekend, according to insight provided by Bitnet.
Bitcoin registered as the 9th biggest payment network worldwide over the biggest e-
$300 million in bitcoin spent during Cyber weekend frenzy
commerce weekend of the year, finishing only behind the likes of Visa, MasterCard, American Express and PayPal.
Black Friday proved more popular of the two days, with $152 million spent compared to $144 million on Cyber Monday.
“Like all other payment networks, bitcoin saw a surge in volume over Black Friday and Cyber Monday, with higher than usual payment totals over the two days,” said Akif Khan, VP Solutions Strategy, Bitnet. “The Bitcoin network handled $296 million in two days – that’s impressive when taking into account the currency is only five years old and is still growing with respect to merchant and consumer adoption.”
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