Bitcoin officially flippens PayPal
The asset has overtaken the network’s market cap following an announcement that PayPal intends to integrate crypto. Since PayPal announced adding Bitcoin (BTC) to its platform, the asset's market cap has exceeded that of PayPal itself. Ironic?At press time, Bitcoin holds a market cap of $239,877,416,968, just recently surpassing PayPal on AssetDash's list of the largest stocks, ETFs, and crypto assets. Bitcoin now holds the 21st spot on the list, with PayPal right below at $238,578,822,000.Whenever a company, asset, or otherwise overtakes a rival in valuation, the crypto space loosely....
Related News
The CSO of CoinShares thinks that a payments-focused PayPal token could be forthcoming. Global digital payment giant PayPal might be moving into issuing its own cryptocurrency after officially entering the crypto industry, according to a major industry exec.Meltem Demirors, CSO at digital asset management firm CoinShares, says that she will not be surprised if PayPal issues its own token after the company broke the news of its soon-to-come support for crypto..In an Oct. 21 interview with CNBC’s Fast Money, Demirors claimed that PayPal’s supporting crypto could eventually become a basis for....
Paypal or Bitcoin? Or Both? The diaspora of arguments touting Bitcoin's superiority over Paypal is endless. There are economic incentives for buyers and sellers, large and small, to use Bitcoin vs Paypal. Simultaneously, there are still infrastructure gaps that may prevent the efficient use of Bitcoin over Paypal at this time. Today, I will focus on why I (me, me, me), and by extension why you, should use Bitcoin instead of Paypal. Centralized Vs. Decentralized. Any Paypal user, whether a buyer or a seller, will at some point run into issues with Paypal's centralized structure. For....
In October, PayPal made waves when it revealed that it would support the buying and selling of crypto assets like Bitcoin and Ethereum within its own application. This was a large reversal from the comments made by the company’s former CEO, who called Bitcoin one of history’s biggest scams. There are also anecdotal stories told […]
PayPal has announced it is mentoring a Bitcoin startup as part of its first startup incubator in Singapore. PayPal Incubator Welcomes Bitcoin Startup. ONEPAY, which operates as OneBit, will join the nine-month program along with two other fintech startups: Prosecure and Invoiceinterchange. The startups will receive mentoring from PayPal executives as....
After more than a decade of being part of eBay Inc. , PayPal will return to the stock market as an individual company. Shares of PayPal (PYPL.O) jumped up 11% in value as people anticipate the company’s return to NASDAQ. With that rise, and adjusting for market stabilization, PayPal is now valued at about $52 Billion. Online payments have changed considerably since 2002 when eBay acquired PayPal, and the popularity of PayPal has lead to a relationship that hinders the potential of PayPal. Processing over $235 billion in 2014, PayPal handles some massive transaction volume on a daily basis,....