Bitcoin Price Rises Thanks to PayPal Bitcoin Announcement
Bitcoin has rebounded from its recent low largely thanks to a PayPal Bitcoin announcement made earlier today. The PayPal Bitcoin announcement highlighted PayPal going a step further towards accepting Bitcoin by partnering with BitPay, Coinbase, and GoCoin in order to allow PayPal's digital goods merchants to accept Bitcoin as payment. This news resulted in the price moving from around $395 to over $450 within hours. PayPal Bitcoin Announcement a Long Time Coming. The decline in the Bitcoin price brought with it fear, speculation and an opportunity for miners and investors alike. The....
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Payments giant Paypal is hiring more than 100 crypto-related positions as demand for cryptocurrencies grows. Paypal’s CEO recently revealed the company’s expansion plans, stating, “We continue to be really pleased with the momentum we’re seeing on crypto and we’re obviously adding incremental functionality into that.” Paypal’s Crypto-Related Job Postings Paypal is hiring more than 100 crypto-related positions as the company prepares to expand its crypto services. According to Job postings on the company’s website, there are at least 102 job....
PayPal, one of the world’s leading online payment services, is making some very awkward decisions as of late. Ever since the payment processor separated from parent company eBay, PayPal has been announcing dubious changes. The latest of those changes focuses on Taiwan, where PayPal users will not be able to use a Taiwanese account to send funds to other Taiwanese Paypal users. Starting on September 21st. 2015, Taiwanese Paypal users will be facing a drastic change in the way they send and receive money online. According to a recent Paypal announcement, the company will prohibit domestic....
Payment processing giant Paypal announced on Thursday that “all eligible Paypal account holders in the U.S. can now buy, hold, and sell cryptocurrency directly with Paypal.” The news follows the company’s announcement to support crypto assets at the end of October. Paypal’s New Relationship With Crypto Assets On October 21, 2020, the payment firm Paypal announced that it would soon support bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), and litecoin (LTC). The company said the Paypal customers would be able to buy, sell, and hold the virtual assets. On November....
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....
Bitwala's newest feature allows users to send Bitcoin to any PayPal account, anywhere in the world. Crypto-to-SEPA payments service platform Bitwala is now offering its users the means to send Bitcoin to any PayPal account with the simple requisite of a PayPal email address. The company charges a flat fee at 0.5% of the transacted amount. In a blog post today, Bitwala made the announcement along with launching the feature with immediate effect. Additional details revealed that the Euro is the accepted currency presently and all transfers made toward destination PayPal accounts will be done....