Freelancepur
No Result
View All Result
  • News & Trends
  • Freelancing
  • Graphics & Design
  • Digital Marketing
  • Writing & Translation
  • Gaming
  • More
    • Video & Animation
    • Programming & Tech
    • Startups
    • Lifestyle
SUBSCRIBE
  • News & Trends
  • Freelancing
  • Graphics & Design
  • Digital Marketing
  • Writing & Translation
  • Gaming
  • More
    • Video & Animation
    • Programming & Tech
    • Startups
    • Lifestyle
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
Reading Time:2min read
0
Its previous record is $12,473 in 2020, it was Bitcoin highest level since July 2019.

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. 

RELATED POSTS

Spotify is Finally Available in Pakistan

IKEA is coming to Pakistan, Ambassador says

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

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
Share62Tweet39Share11Pin15Send
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 2021

December 5, 2020
The Regional Comprehensive Economic Partnership (RCEP) is made up of 15 Southeast Asian countries.
Startups

Regional Comprehensive Economic Partnership

November 18, 2020
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

Many forums are being used for the purpose of online marketing and approaching potential customers.

Suitable Platforms for Freelancers- Pinterest Vs Instagram

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

Due to advancement of technology, world has moved towards the technological world, which is now heading towards the digital world.

Best way to invest in Cryptocurrency(Altcoin, Bitcoin etc)

October 8, 2020
Admissions Open in National Freelance Training Program (NFTP). Apply today and learn a lot about freelancing.

National Freelance Training Program Opens Admissions

October 6, 2020
GIFs are the best platform of attracting the people.

Freelancing, Graphic Interchange Format on Social Media

October 22, 2020

Popular Stories

  • A person playing PUBG on phone

    PUBG Banned in India amid China-India Border Tensions

    191 shares
    Share 76 Tweet 48
  • TikTok Banned In Pakistan

    168 shares
    Share 67 Tweet 42
  • Fiverr Introduces AI-Technology Based Fiverr Logo Maker

    168 shares
    Share 66 Tweet 42
  • National Freelance Training Program Opens Admissions

    165 shares
    Share 66 Tweet 41
  • Freelancing Guide Pakistan 2021

    164 shares
    Share 65 Tweet 41
Facebook Twitter LinkedIn Pinterest Instagram
Writing an effective blog post on a laptop

How to Write an Effective Blog Post

March 4, 2021
Spotify logo

Spotify is Finally Available in Pakistan

February 24, 2021
A woman working on her laptop

How to Be a Freelance Marketer After Retirement

February 20, 2021
Freelancepur

Freelancepur is a hub for freelancing tips, how-tos, and guides. We cover latest news from the world of freelancing. It's all about freelancing.

LEARN MORE

Contact

Email: [email protected]

© 2021 Freelancepur - All About Freelancing | Developed by GameBird Technologies.

No Result
View All Result
  • News & Trends
  • Freelancing
  • Graphics & Design
  • Digital Marketing
  • Writing & Translation
  • Gaming
  • More
    • Video & Animation
    • Programming & Tech
    • Startups
    • Lifestyle

© 2021 Freelancepur - All About Freelancing | Developed by GameBird Technologies.

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