TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

Payment service giant PayPal allows you to buy and sell Bitcoin

by souhaib
October 24, 2020
in Economie
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


You might also like

‘momentum is continuing into 2022’

Astra Space stock closed down 20% on Monday: here’s why

Ripple, Dogecoin, Litecoin price forecast for February 2022

  • Once again, Bitcoin is in a state to mark an all-time high amid the PayPal announcement.
  • PayPal users can now hold, buy, and sell their digital currencies through PayPal’s new crypto feature.
  • This bullish stance by PayPal suggests that for the next few days, Bitcoin will be in full-swing.
  • The new feature makes PayPal a cryptocurrency exchange and digital wallet.

In a time when everyone is going through a rough patch, PayPal has shared some pleasant news to overcome rough winds. For the past few months, we witnessed numerous tech giants and investors approaching Bitcoin as an investment opportunity. In so doing, the main intent is to survive the inevitable banking crises and inflation.

However, the latest news about PayPal allowing its users with buying and selling cryptocurrency option overtakes all the previous developments. Ever since the PayPal announcement came to light, the entire crypto-market is flourishing in the green zone.


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

Undoubtedly, it’s great news for PayPal customers that have the access to buy Bitcoin. In total, PayPal has around 346 million users using the payment service and if 50% of its customers turn to buy Bitcoin and other digital assets, the entire crypto-market will mark a new all-time high.

PayPal to roll out Bitcoin buy/sell feature soon

PayPal’s entrance into the cryptocurrency industry is a long-awaited scheme. Previously, we have seen a glimpse of PayPal’s interest in cryptocurrencies. The official rollout is scheduled to kick off next week and already Bitcoin and other major cryptocurrencies are skyrocketing due to this announcement.

After the announcement hit the cryptocurrency market, Bitcoin, which was trading between certain barriers and wasn’t breaking above the $12k zone, has peaked over $13k in just a matter of few hours. Arguably, PayPal becomes one of the most significant firms to add support for digital currencies.

Recently in a statement PayPal CEO Dan Schulman said:

“The shift to digital forms of currencies is inevitable, bringing with it clear advantages in terms of financial inclusion and access; efficiency, speed and resilience of the payments system; and the ability for governments to disburse funds to citizens quickly.

Our global reach, digital payments expertise, two-sided network, and rigorous security and compliance controls provide us with the opportunity, and the responsibility, to help facilitate the understanding, redemption and interoperability of these new instruments of exchange.”

PayPal plans to acquire crypto – oriented firms

As Invezz previously wrote, after announcing support for Bitcoin and other virtual currencies. PayPal aims to acquire major cryptocurrency firms that already have a huge customer base. Reportedly, PayPal is in talks with three significant firms including a major cryptocurrency exchange, BitGo. However, official statements regarding the acquisition are murky.

PayPal announcement propels Bitcoin above previous barriers

As said above, PayPal’s announcement is the main reason behind the growth of Bitcoin. Lately, BTC/USD has been underperforming for quite a while within the $11k zone. Alongside Bitcoin, the entire crypto-market is trading in the green zone. The technical aspects of substantial digital assets seem promising as bulls are driving the prices further. Lastly, folks wondering to know how to buy Bitcoin with PayPal can navigate to this in-depth and thorough guide.



Source link

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

Terry O’Connor is cleared of any wrongdoing following claims he was on his PHONE during Ritson win

Next Post

Nagorno-Karabakh conflict: 'Execution' video prompts war crime probe

souhaib

Recommended For You

‘momentum is continuing into 2022’

by souhaib
February 7, 2022
0

Shares of Chegg Inc (NYSE: CHGG) are up 10% in extended trading on Monday after the student services company said it performed better-than-expected in Q4, despite COVID-19 uncertainty....

Read more

Astra Space stock closed down 20% on Monday: here’s why

by souhaib
February 7, 2022
0

Read more

Ripple, Dogecoin, Litecoin price forecast for February 2022

by souhaib
February 7, 2022
0

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD, Dogecoin DOGE/USD, and Litecoin LTC/USD. Bitcoin is trading above the $44,000...

Read more

Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

by souhaib
February 7, 2022
0

Read more

Should I buy Uber shares in February 2022?

by souhaib
February 7, 2022
0

Uber Technologies, Inc. (NYSE: UBER) will announce fourth-quarter earnings results this Wednesday, February 09, after the market closes. Uber shares have weakened more than 10% since the beginning...

Read more
Next Post

Nagorno-Karabakh conflict: 'Execution' video prompts war crime probe

No Result
View All Result

Recent Posts

  • NBA: The vice president of the Phoenix Suns announces that he is gay
  • Abortion enters fully into the electoral campaign of the United States legislative | Society
  • Protests against the Supreme Court increase after the controversial ruling on abortion | Video
  • California prepares to become a “sanctuary” state
  • Carolina Ramírez: Argentines consider themselves the best in everything, even the worst | Video

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide