VISA's Transaction Processing Capacity
VISA processes around 24,000 transactions per second (TPS) on average. However, its maximum capacity is reportedly around 65,000 TPS. To put this into perspective, popular cryptocurrencies like Bitcoin and Ethereum have much lower transaction capacities, with Bitcoin processing around 7 TPS and Ethereum around 15-20 TPS. The Lightning Network, a scaling solution for Bitcoin, aims to increase this capacity significantly.
Comparison with Cryptocurrencies
VISA's high transaction processing capacity is one of the reasons why it remains a dominant player in the payments industry, despite the rise of cryptocurrencies and blockchain technology.