Paypal propels crypto further mainstream with checkout service for 29M merchants.
Last year paypal added the ability to buy, sell or hold cryptocurrency, is now making it a valid payment method for the 29 million people and merchants using the online fintech giant.
PayPal announced today that they will be accepting bitcoin (BTC), Ethereum (ETH), Bitcoin cash (BCH) and litecoin (LTC) to be swiftly converted into US dollars, therefore merchants will not actually be the recipients of cryptocurrencies, but will make the purchases the same as it would be with a credit or debit card inside the PayPal wallet.
The decision consequently led to a rise of $1000 on the bitcoin price. PayPal CEO Dan Shulman claimed that the adoption of cryptocurrencies is “a new way for businesses to get paid,” “Enabling cryptocurrencies to make purchases at businesses around the world is the next chapter in driving the ubiquity and mass acceptance of digital currencies,” Schulman said in a statement.
Cryptocurrencies are going mainstream with banks and institutional investors taking an interest, but the utility of bitcoin and other crypto tokens when it comes to buying goods has always been limited due to their volatility.
PayPal, who made a massive entrance into the crypto sphere last October, explains that it wants to wave out any insecurities and doubt regarding the sustainability and power of cryptos.
TAGS: bitcoin , ethereum, ethereum news, ethereum price, ethereum price prediction, ether, bitcoin news, bitcoin news today, crypto, cryptocurrency, altcoins ,bitcoin price prediction,bitcoin price analysis, bitcoin analysis, bitcoin crypto, ethereum today, bitcoin update, ethereum update, btc news, cryptocurrency news, crypto news today, crypto update, eth price today, btc huge news, litecoin price predictions, cardano price analysis, eth price predictions, bitcoin news, bitcoin price prediction, bitcoin analysis, btc news, bitcoin news today, make money online, stock market, forex trading, trading, eCommerce, investor, investing, stocks, online business.
#BITCOIN #ETHEREUM #PAYPAL #cryptonews #crypto #cryptocurrency #altcoin #altcoins #vechain #litecoin #dogecoin #doge #cryptoupdate #bestaltcoins #cryptocurrencynews #btc
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
RIGHT NOTICE: The Copyright Laws of the United States recognizes a “fair use” of copyrighted content. Section 107 of the U.S. Copyright Act states:“Notwithstanding the provisions of sections 106 and 106A, the fair use of a copyrighted work, including such use by reproduction in copies or phonerecords or by any other means specified by that section, for purposes such as criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not an infringement of copyright.” This video and our youtube channel in general may contain certain copyrighted works that were not specifically authorized to be used by the copyright holder(s), but which we believe in good faith are protected by federal law and the fair use doctrine for one or more of the reasons noted above.
This presentation contains images that were used under a Creative Commons License. Click here to see the full list of images and attributions:
**DISCLAIMER**
I am not a licensed financial advisor. All videos on this channel are intended for entertainment purposes only. You should not buy, sell, trade, or invest in any asset based on what I say in these videos. You should know that investing carries extreme risks. You could lose your entire investment. This is not trading advice, and I am in no way liable for any losses incurred.