<html><head><meta http-equiv="Content-Type" content="text/html charset=us-ascii"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class=""><meta http-equiv="Content-Type" content="text/html charset=us-ascii" class=""><div style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class=""><div class=""><blockquote type="cite" class=""><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px;" class=""><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif; color:rgba(0, 0, 0, 1.0);" class=""><b class="">From: </b></span><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif;" class="">Peter Gutmann <<a href="mailto:pgut001@cs.auckland.ac.nz" class="">pgut001@cs.auckland.ac.nz</a>><br class=""></span></div><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px;" class=""><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif; color:rgba(0, 0, 0, 1.0);" class=""><b class="">Subject: </b></span><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif;" class=""><b class="">Re: [Cryptography] What is total world transaction volume?</b><br class=""></span></div><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px;" class=""><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif; color:rgba(0, 0, 0, 1.0);" class=""><b class="">Date: </b></span><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif;" class="">February 7, 2017 (38) at 21:01:30 EST<br class=""></span></div><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px;" class=""><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif; color:rgba(0, 0, 0, 1.0);" class=""><b class="">To: </b></span><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif;" class="">"<a href="mailto:cryptography@metzdowd.com" class="">cryptography@metzdowd.com</a>" <<a href="mailto:cryptography@metzdowd.com" class="">cryptography@metzdowd.com</a>>, "<a href="mailto:jamesd@echeque.com" class="">jamesd@echeque.com</a>" <<a href="mailto:jamesd@echeque.com" class="">jamesd@echeque.com</a>><br class=""></span></div><br class=""><div class=""><div class="">James A. Donald <<a href="mailto:jamesd@echeque.com" class="">jamesd@echeque.com</a>> writes:<br class=""><br class=""><blockquote type="cite" class="">Bitcoin cannot replace government money because there is a soft limit on the<br class="">number of transactions, and we are already hitting that limit.<br class=""><br class="">Also because final settlement is a bit slow.<br class=""></blockquote><br class="">"A bit slow" is an understatement. About a decade ago the Visa/MC payment<br class="">gateways were doing 5K transactions a second, which included ignoring some of<br class="">the crypto verification that was being used because it couldn't be processed<br class="">in time.<br class=""></div></div></blockquote></div><br class=""></div><div style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class="">How many Wholesale transactions (eg SWIFT) or even end-of-day InterBank Settlement transactions per day?</div><div style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class="">__outer</div><div style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class=""><br class=""></div></body></html>