BTC In PayPal Hits 2020 High After It Support Cryptocurrencies
Freelancepur
No Result
View All Result
  • News & Trends
  • Collection
    • Chrome Extensions
    • Apps
    • Laptops
  • Freelancing
  • Graphics Design
  • Digital Marketing
  • Writing
  • News & Trends
  • Collection
    • Chrome Extensions
    • Apps
    • Laptops
  • Freelancing
  • Graphics Design
  • Digital Marketing
  • Writing
No Result
View All Result
Freelancepur
No Result
View All Result
Home News & Trends

BTC in PayPal Hits 2020 high after it support cryptocurrencies

Rizwan Bakhtawar by Rizwan Bakhtawar
October 22, 2020
Its previous record is $12,473 in 2020, it was Bitcoin highest level since July 2019.
52
VIEWS

Bitcoin soared about 8% on Wednesday because PayPal announced it would open its service to cryptocurrency sales and purchases. Now BTC in PayPal reached an intraday high of $12,817.17. While its previous record is $12,473 in 2020, it was Bitcoin highest level since July 2019. At present, PayPal has 346 million active accounts around the world and processed $222bn in payments in second quarter of the year. 

PayPal has joined with Paxos, a New York chartered trust company, to endow with cryptocurrency trading and custodial service like BTC in PayPal. PayPal is also working on its mobile payment service Venmo, to expand it in the first half of 2021. There is good news for US account holders that they will be able to deal in digital coins, including BTC, Ethereum, BTC cash and Litecoin in the coming weeks.   

President and chief executive Dan Schulman told Reuters in an interview: “BTC in PayPal hopes the service will persuade global use of vital coins and organize its network for new digital currencies that may be developed by central banks and corporations”.

The California-based payment platform said the launch of its new service would permit customers to buy, hold and sell cryptocurrency directly from their PayPal accounts.

It also appears that users will not be able to use their digital assets outside their PayPal wallet or send crypto to other PayPal users. It means all of your cryptocurrency on PayPal account must stay there. This is the benefit of BTC in PayPal.

According to Investing.com price data, an 8% rise would be BTC’s 20th largest single day boost since October 21, 2019. As renowned by Reuters, PayPal is not the first service to grip cryptocurrency. Jack Dersey-led fintech Square already lets users handle digital resources and so does trading app Robinhood. Still PayPal is absolutely the biggest.

Other mainstream financial names have freshly adopted the previously unseen asset class. Square scooped up 4,709 BTCs for $50 million before in October, saying BTC could turn into “a more ubiquitous currency” in the future.

Novogratz, who has long pushed for widespread implementation of digital currencies, on Wednesday he said in a tweet that it was a thrilling day for cryptocurrency advocates. All banks will be on a competition to service crypto. He said we have crossed the Rubicon People. BTC in PayPal is a golden opportunity for online dealers for their business.   

Tags: BTCCryptocurrencyPaypal
Share2Tweet1SharePin1SendScanShare
Rizwan Bakhtawar

Rizwan Bakhtawar

A freelancer and blogger who loves to write about innovations in the field of freelancing & online earning.

Related Posts

Spotify logo
News & Trends

Spotify is Finally Available in Pakistan

February 24, 2021
IKEA logo stock photo
Business

IKEA is coming to Pakistan, Ambassador says

December 31, 2020
42 Foodpanda riders in Philippines
Viral

42 Foodpanda riders knocked on the door after the school-aged girl tapped several times on the app

December 5, 2020
Ask yourself why do you want to be a freelancer.
Startups

Freelancing Guide Pakistan 2023

December 5, 2020
An image of flags outside United Nations
News & Trends

Regional Comprehensive Economic Partnership

March 12, 2021
Netflix on TV
News & Trends

Pakistan Plans to Launch its Own Netflix Version

February 27, 2021
Next Post
The world is most likely trap in the social network .

Social Media Network to promote Brands- Tips for Freelancers

Pinterest running on an iPhone

Pinterest Vs. Instagram: Which One is Better for Freelancers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended Stories

You can achieve self-assurance in front of the listeners by taking a certification in communication.

Make Your Career as A Professional Speaker Online

February 27, 2021
Amazon logo on a Samsung phone

Amazon officially adds Pakistan to its approved seller’s list

May 21, 2021
A tablet and a smartphone placed on a table

Best Apps for Freelancers 2023

April 9, 2021

Popular Stories

  • Fix Facebook Boost Unavailable Error

    How to Resolve Facebook Boost Unavailable Error

    380 shares
    Share 152 Tweet 95
  • Best Budget Laptops For Freelancers in 2023

    71 shares
    Share 28 Tweet 18
  • Powerful Chrome Extensions for Video Editors 2023

    67 shares
    Share 26 Tweet 17
  • How to Write SEO Optimized Gigs on Fiverr in 2023

    66 shares
    Share 26 Tweet 16
  • Tips to Get 5-Star Ratings on Fiverr 2023

    51 shares
    Share 19 Tweet 12
  • About
  • Team
  • Contact Us
  • Write For Us
  • Privacy Policy
  • GDPR
  • Disclaimer
  • T&Cs
  • Guest Posting
Email: [email protected]

© 2023 Freelancepur - A Hub Of Freelancing Tips | Powered by GameBird

No Result
View All Result
  • News & Trends
  • Collection
    • Chrome Extensions
    • Apps
    • Laptops
  • Freelancing
  • Graphics Design
  • Digital Marketing
  • Writing

© 2023 Freelancepur - A Hub Of Freelancing Tips | Powered by GameBird

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version