Both, really, but I think that rising raw transaction volume itself would point to more pedestrian usage of bitcoin — not everyone is going to buy or sell several bitcoin at once, and, as bitcoin fans are trying to tie the cryptocurrency into normal life, we should expect to see rising numbers of small purchases if they are succeeding.
The risk of working with a payment aggregator is that while these companies can give instant approval, there is a chance that if an app explodes (like a Fab.com), a developer could have their service later disrupted as transaction volume rises too quickly.
In Asia, Latin America and Central Europe, card transaction volume is rising 20 to 30percentt a year, more than twice the growth rate in the United States.
If the bitcoin network is growing — the key metric of expanding adoption, in my view — transaction volume should rise.
Foxtons, known for aggressive sales techniques and its fleet of liveried Mini cars, has expanded outwards from its central London base to tap into rising prices and higher transaction volumes as London homebuyers are pushed out to the suburbs and commuter belt.
The company's transaction volume in September was nearly $1.2 million and rose to $1.5 million by November, but the company stopped providing figures to the public at the end of last year.
Yahoo! yhoo rose 1.7% on news that the Internet portal experienced record transaction volume last Friday as a result of its being one of the busiest shopping days of the year.
That, combined with a small rise in global interest and what seems to be the highest transaction volume in history puts bitcoin in an interesting position.
If the relationship between transaction volume and trading volume remains roughly linear, transaction volume would need to rise by 200x current levels to hit our target $1 billion market size.
The volume of Visa's check cards, or debit cards, rose 17.2percentto to $380 billion, from $324 billion and now represents more than a third of the company's transaction volume, the company said.
