Bitcoin Still Unsuited for Mainstream Payments, Says Deutsche Bank

Bitcoin Still Unsuited for Mainstream Payments, Says Deutsche Bank
Bitcoin must overcome extreme volatility, high transaction costs and its large carbon footprint before it can be used more widely as a global payment option, Deutsche Bank analyst Marion Laboure wrote in a note to clients earlier this week.Laboure noted that the bitcoin network can process up to seven transactions per second, or 600,000 per day, while payment giant Visa can handle up to 24,000 transactions per second, or over two billion transactions per day.In this respect, The Lightning Network, which aims to improve bitcoin’s scalability by boosting speed and lowering costs, could be promising, Laboure wrote. Lightning Network claims…