Bitcoin soars to $12.9K as PayPal proves crypto is ready for everyone
Further gains in Wednesday trading come as mixed reactions flow in over PayPal’s decision to support four cryptocurrencies in 2021. Bitcoin (BTC) hit highs of $12,865 during trading on Oct. 21 as news that PayPal would support cryptocurrency continued to boost markets.Cryptocurrency daily market overview. Source: Coin360BTC price closes in on 2019 highsData from Cointelegraph Markets, Coin360 and TradingView confirmed Bitcoin’s best day in over a year as 24-hour gains topped 7%.At press time, hours after rising to $12,400, BTC/USD crossed $12,500 to only see resistance at just below....
Related News
E-commerce giant Paypal’s stock price surged to a new all-time high of $223.16 on Monday, December 14. Since November 12, when the payments giant opened the way for its US customers to start trading cryptocurrency, the stock has soared 17%. Paypal’s Turnaround The stock’s record-breaking performance comes after Paypal recently reported a drop in its third-quarter earnings in October. While that performance subsequently forced Paypal not to provide preliminary guidance for 2021, there is, however, a belief that the cryptocurrency trade service will result in a turnaround....
At least 65% of people who use the Paypal app to trade bitcoin are prepared to start using the top cryptocurrency to pay for goods and services at the 28 million stores supported by the payments company throughout the world. According to a proprietary survey of 380 Paypal users by Mizuho Securities, 17% of the respondents said they have already traded bitcoin (BTC) via their Paypal accounts since the firm started offering crypto services in October. Of these, the majority are the ones who showed readiness to utilize bitcoin for purchases. The finding is significant to the extent that it....
Braintree — a subsidiary of Paypal — announced its partnership with Coinbase last fall, confirming rumors of Paypal getting involved with Bitcoin. Now, Braintree has created a v.zero SDK as an open platform, giving merchants access to the most sophisticated payment tools and the most relevant payment methods via a single integration. Currently, Coinbase is one of the main Bitcoin payment processors, handling about 2.2 million wallets and 38,000 merchants globally. Braintree is a paypal company which lets companies all over the world accept payments online and make purchases easily. The....
Today, news broke that PayPal is ready to launch cryptocurrency payments to merchants, allowing its massive userbase of millions to pay with Bitcoin and the other altcoins has offered since the middle of last year. However, like all things related to centralized platforms getting involved in cryptocurrencies, there’s a catch. PayPal To Allow Customers To […]
Paypal has completed the first international expansion of its cryptocurrency offering outside of the U.S. Paypal Crypto is now available to customers in the U.K. allowing them to buy, hold, and sell four kinds of cryptocurrencies. Paypal Crypto Now Available to All Eligible UK Customers Payments giant Paypal Inc. announced Friday that it has completed the rollout of its crypto offering in the U.K. The rollout began in late August when the company announced the launch of its crypto service in the U.K. The official account of Paypal U.K. tweeted: We are delighted to share that all eligible....