PayPal coming to crypto is big news for adoption, says the investor.
PayPal is one of the largest online debit-payment systems. It allows its users to register their own electronic wallet so that they can pay for bills and purchases, and send/receive money transfers. The system has been owned by eBay for 15 years and is used in more than 200 countries with 25 different currencies available.
PayPal cryptocurrency relations started in 2014, when it was announced that the platform was going to accept Bitcoin. In 2016, PayPal’s administration became interested in the possibility of their own use of blockchain technology. In order to develop high-speed transactions with virtual currency, PayPal published an application called "System of fast-track transactions using virtual currencies" on the official site of Bureau of Patents and Trademarks in the US. Following the latest PayPal Bitcoin news will give more information concerning any important changes.
These week's news highlighted how governments test new regimes for cryptocurrency, which can be slow but are certainly some kind of progress.3128
Shortly after it was revealed PayPal will launch crypto payments in 2021, rumors are circulating that the payments giant is looking to purchase a digital asset custodian.8109
PayPal’s crypto integration may bode well for Bitcoin price as its user base could triple13124
PayPal’s Bitcoin integration is “probably not because they want to spur healthy adoption,” explained SatoshiLabs.10217
As Bitcoin briefly surpasses $13,000, its highest price for 2020, market sentiment and fundamentals both favor a prolonged bull market.15350
The asset has overtaken the network’s market cap following an announcement that PayPal intends to integrate crypto.12952
Analysts expect a profit-taking pullback in the Bitcoin market after BTC hits $13,000 upon the PayPal news.18103
The CSO of CoinShares thinks that a payments-focused PayPal token could be forthcoming.6391
U.S. capital gains tax laws are likely to catch out many new users of PayPal's cryptocurrency payments system11590
News of PayPal’s support for crypto assets has triggered a rally in the markets, with Bitcoin trading above $13,000 for the first time since July.9911
Mainstream investors apparently liked the company's turn towards crypto.10822
Bigger than Disney. Bigger than Netflix. And soon, Bitcoin could be bigger than the company that's driving its bullish momentum.3902
For now, PayPal's crypto payments are more about satisfying regulators than providing users with crypto capabilities.9947
Further gains in Wednesday trading come as mixed reactions flow in over PayPal’s decision to support four cryptocurrencies in 2021.20842