PayPal has stirred up the crypto market
- Created: Thursday, 22 October 2020 01:29
The world famous PayPal payment system with over 346 million users has added the ability to buy Bitcoin, Bitcoin Cash, Ethereum and Litecoin for US residents. At the beginning of 2021, such an opportunity will appear for other countries. Those. in the short term, all 346 million PayPal users will be able to purchase cryptocurrency as easily as possible using the service they trust. On these news on the crypto market, you can see the revival of trade and the rise in the value of all major crypto assets. Over the past 3 days, Bitcoin has increased in price from 11.500 USD to 12.900 USD (+ 12%), at its peak the price reached 13.200 USD. PayPal to work with cryptocurrencies will cooperate with the Paxos cryptoexchange, for which it has already received a license to work with BitLicense. The recognition of Bitcoin and other cryptocurrencies by such a large company as PayPal is certainly a very positive moment for the entire cryptoindustry, but there are several unpleasant moments in this whole story.