We’re never running out of amazing news every week! We got two big companies, Visa and Paypal, now accepting cryptocurrencies as payment. There was another spotlight for Elon Musk as he declared in his tweet that you can use Bitcoin in buying Tesla. Cryptocurrencies have been around for more than a decade now. We are one step closer to mainstream adoption.
Buy Tesla with Bitcoin
Elon Musk has been around the headlines lately as he has been tweeting about cryptocurrencies on and off. From the recent tweet of Tesla’s CEO, it has been announced that you can now buy Tesla with Bitcoin. He added that Tesla’s using “internal” and “open-source software” to accept payment and that they “operate bitcoin nodes directly.” Read more
Paypal Accepting Crypto for Payments
In July 2020, Paypal declared its active development on crypto payment solutions. After a long wait, they have announced that consumers can finally use the cryptocurrency in their Paypal account to pay for goods and services online. The cryptocurrency will be converted to fiat currency before finalizing the transaction so it will not affect anything to the merchants. Bitcoin, Ethereum, Bitcoin Cash, and Litecoin are the supported currencies on Paypal. Read more
Ethereum Rockets to A New ATH
The ETH 2.0 Deposit Contract just reached 3.6 Million ETH. A report from Glassnode states that the total ETH value amounts to nearly $6.1 billion. Since the staking contract launched, there was a noticeable growth on the staked ETH rising from 300,000. TheETH 2.0 upgrade will have improvements with a roll-centric roadmap, a simplified merge, and parallelization of phases. Read more
Visa Allows to Settle Transactions Using Crypto
With the growing recognition and acceptance of cryptocurrencies, Visa now allows settling transactions to its network. They had a pilot program with payment and crypto platform Crypto.com. Visa’s steps came from the move of the finance firms including BNY Mellon, BlackRock Inc, and Mastercard Inc which make more use of cryptocurrencies for investment and payment purposes. Read more
