While much has been written about how cryptocurrencies will replace incumbent payment methods, the reality is that they are unequipped to handle transactions at a global scale – at least, not yet. While there are some projects that can, reportedly, handle thousands of transactions per second (tps), the largest of these, namely Bitcoin (5.68 tps) and Ethereum (15.62 tps), do not operate anywhere near the scale of payment giants such as Visa (24,000 tps).