Bitcoin could flippen PayPal on bullish news from... PayPal
Bigger than Disney. Bigger than Netflix. And soon, Bitcoin could be bigger than the company that's driving its bullish momentum. Bitcoin (BTC) has risen dramatically in market cap over the years, recently taking its place among the top 25 largest companies and assets by market cap. At press time, Bitcoin holds a market value near $240 billion. The coin is 22nd on a list of the top 100 stocks, ETFs, and cryptocurrencies by market capitalization, according to AssetDash. Apple holds the number one spot, standing at a $2 trillion evaluation, followed by Microsoft and Amazon respectively.....
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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....
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 launching cryptocurrency services has given crypto investors much to think about. While many crypto users view the news as extremely bullish, some point out several areas of concern bitcoin investors should be aware of. ‘Every Major Bank Is Having a Meeting About How To Support Bitcoin’ The news of Paypal launching a service that will enable customers to buy, hold, and sell cryptocurrencies directly from their Paypal accounts has triggered much discussion within the crypto industry. Users will also be able to pay for goods and services at 26 million stores that accept....
PayPal will offer its U.S. customers buying and selling of crypto, with support for payments to its merchant network next year.
The big news Tuesday was that PayPal would allow North American (for now) merchants to sell their digital goods for bitcoin through the PayPal Payments Hub, but there seems to be a little bit more to the news. Something that's sure to make altcoin lovers excited. Before I get to that, I should mention that PayPal is working with the three major bitcoin payment processors out there: BitPay, Coinbase, and GoCoin. While BitPay and Coinbase operate strictly with bitcoin only, GoCoin offers support for litecoin and dogecoin in addition to bitcoin. What that means, according to GoCoin CEO Steve....