PayPal and why it makes cryptocurrencies fly

PayPal and why it makes cryptocurrencies fly

By Goodsoul | Cryptography News | 25 Nov 2020


Cryptonews as they happen

PayPal has received a 

“first-of-its-kind conditional Bitlicense”

from the New York State Department of Financial Services.

This was arguably the biggest news this year for Bitcoin.

Daniel Schulman,

the CEO of PayPal believes in digital payments and digital forms of currency.

The CEO of Paypal also predicts following: Central banks will issue forms of digital currencies. And I think you’ll have more and more utility happen with cryptocurrencies,” he said

Schulman thinks that the platform and the new digital infrastructure that they are putting in place can help make that management and movement of money more efficient and less expensive and faster.

Clients can now purchase, keep and sell cryptocurrency straight from their PayPal accounts. 

PayPal might even be into buying a digital currency firm, some rumours talk about BitGo.

Pantera Capital says following: “When PayPal went live, volume started exploding. The increase in itBit volume implies that within four weeks of going live, PayPal is already buying almost 70 percent of the new supply of bitcoins.”

 

Outlook:

In my opinion the News of PayPal and Bitcoin as collaborators has really set off this incredible Bull Run.

A new Bitcoin all time high could happen any day now and that would probably proof to make the Altcoin Market fly too.

 

Thank you PayPal  :)



 


Just remember this is no financial advise.

Suggestions in the comments below. 

Cheers and thank you very much for the

follow, like and the tip.

Sign up to blog yourself on Publish0x.

Please checkout my Crypto-Picks right here.

Chris aka Goodsoul

 


Goodsoul
Goodsoul

World Traveler from Austria in Australia


Cryptography News
Cryptography News

Cryptonews as they happen

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.