PayPal’s crypto integration means Bitcoin could triple its user base
PayPal’s crypto integration may bode well for Bitcoin price as its user base could triple Bitcoin (BTC) price has again punched through the $13,000 mark after yesterday’s PayPal’s announcement sparked a powerful rally which drove the price to a new 2020 high. Currently sitting near $13,100, Bitcoin price has rallied nearly 10% since the announcement and BTC is now close to overtaking PayPal as the 21st biggest asset by market capitalization.PayPal’s crypto announcement comes two weeks after Square, another payments giant, announced its own foray into Bitcoin by investing roughly 1% of its....
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Experts in blockchain technology and crypto take on the question: Could PayPal’s crypto integration help mass adoption? One of the most discussed topics within the crypto community recently has been PayPal’s announcement that its customers will be able to buy and sell cryptocurrencies. The service is expected to be fully rolled out early next year.The company’s goal “to increase consumer understanding and adoption of cryptocurrency,” as stated in its press release, seems to be a needed step in cryptocurrency popularization. Mainstream awareness of crypto still remains very low. As data....
Insights from PayPal’s first quarterly earnings report since launching crypto services.
Circle’s CEO Jeremy Allaire has announced that USDC will be launched natively on the Base Network platform next week. Allaire took to social media platform X (formerly known as Twitter) to share this news, emphasizing the benefits and implications of this integration. Circle also confirmed the announcement, stating that USDC issued by Circle will be considered the official form of USDC for the Base Network ecosystem. They further highlighted that native USDC will gradually replace the currently circulating bridged USDbC liquidity that originates from Ethereum. Base Network’s Native....
Strategic investor Lyn Alden says the 2020 macroeconomic environment is extremely favorable to Bitcoin. Strategic investor Lyn Alden believes Bitcoin’s growing network effect coupled with favorable macroeconomic factors may bring its market capitalization to $1 trillion in the next few years. Back in 2017, Alden was skeptical toward Bitcoin (BTC), as the network effect of the main cryptocurrency was still relatively weak:“I was concerned with dilution. [...] So, if there isn’t one network effect that retains control, you could see that kind of market cap distributed among multiple....
KeepKey, a secure hardware wallet designed to optimize Bitcoin and altcoin storage, transfer and trading, has completed the integration of Ethereum. Darin Stanchfield, the CEO at KeepKey, revealed that its users increasingly proposed the integration of Ethereum, considering that the digital asset has a market cap of $800 mln and a solid user base. Stanchfield stated: “Of all the assets we get asked to support on KeepKey, Ethereum is by far the most requested. It’s a massive project with a huge following and we are thrilled to release our public beta on Friday. The KeepKey and KeepKey....