I don't think there would be enough data to really make that comparison at the moment, plus, in the traditional world, there are still WAY more transactions happening on a daily basis, it still completely shadows anything we are doing currently. We are still in an extremely small but growing bubble of users. As things become easier for people to use and understand, it's going to explode. We are seeing this now with NFTs.
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I would say things are increasing on both the centralized and decentralized platforms.
So it is up to us to keep conducting more in the decentralized world. As users increase, that will really add to the entire decentralized base.
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Yeah, I know historically it would probably be hard to get that info. It likely isn't something that they were tracking back then. It will be interesting to see if there are comparisons in the future. Kind of like the reverse of how much money they have printed in the last three years compared to the initial introduction of paper money.
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You would have to track a company like Visa or Mastercard and do a comparison for something like that, at least that is what I would think, I don't know... lol...
Ah, okay. I was just thinking of like bank to bank transfers or at least one end of the transaction being a bank, but I can understand what you are saying. There maybe isn't really an easy way to compare the two.
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Now you are talking about the SWIFT network along with the Repo market. However, the data on SWIFT, since it is controlled, is not really out there clearly.
It is hard to find a lot of this data since they are controlled by different companies or industries.
Nevertheless, with all the digital, we know things are increasing.
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Before cryptocurrency renders SWIFT irrelevant, more and more nations will find ways to circumvent SWIFT. It's not the only game in town when it comes to processing transactions, even though USG still pretends that it is.
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