In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
The Thunder Network is an open-sourced payment processing platform that could be capable of processing up to 100,000 financial transactions per second if fully implemented. The network is potentially revolutionary because all those transactions will be fully encrypted and authenticated.
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The volume of payments processed by Venmo increased by 154% between first quarter 2015 and first quarter 2016, RE/CODE reported. Venmo processed $1.26 billion worth of payments in first quarter 2015 and $3.2 billion in first quarter 2016. That’s an increase of $1.64 billion in just a year, and PayPal has not even enabled the use of Venmo for retail transactions yet.
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