So many good news in the past days and that makes Bitcoin to reach the price of $59k again.
Those big institutions already sees the true potential of Bitcoin, and Paypal did a great job adding not just bitcoin but also the top altcoins on their platform. I'm sure many financial companies around the world already planning to have this kind of option, the mass adopting has been started.
Topic: More bullish news: Paypal will alllow crypto checkout - page 5. (Read 616 times)
Up until now, Paypal allowed you to buy Bitcoin. Now it will allow you to spend it. The purists will be unhappy that it will do so through automatic conversion to Fiat but this is yet another step towards mass adoption.
"PayPal, which last year added the ability to buy, hold and sell cryptocurrency, is pushing it as a payment method across the 29 million or so online merchants connected to the fintech giant.
Announced Tuesday, PayPal’s Checkout will allow bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC) to be seamlessly converted into U.S. dollars or other fiat currencies when making purchases, the same as credit card or a debit card would work inside a PayPal wallet, said PayPal — meaning merchants will not actually be the recipients of cryptocurrencies.
Calling it “a new way for businesses to get paid,” the checkout service is all about driving mainstream adoption of cryptocurrencies, said Dan Schulman, president and CEO, PayPal.
“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.
But PayPal, which made a huge splash when it officially entered the crypto space last October, wants to smooth those wrinkles out and get its wide network of merchants onboard.
Since introducing the crypto service, PayPal has increased weekly purchase limits two times from $10,000 to $15,000 and then $20,000."
Read more on: PayPal Pushes Crypto Further Mainstream With Checkout Service for 29M Merchants
"PayPal, which last year added the ability to buy, hold and sell cryptocurrency, is pushing it as a payment method across the 29 million or so online merchants connected to the fintech giant.
Announced Tuesday, PayPal’s Checkout will allow bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC) to be seamlessly converted into U.S. dollars or other fiat currencies when making purchases, the same as credit card or a debit card would work inside a PayPal wallet, said PayPal — meaning merchants will not actually be the recipients of cryptocurrencies.
Calling it “a new way for businesses to get paid,” the checkout service is all about driving mainstream adoption of cryptocurrencies, said Dan Schulman, president and CEO, PayPal.
“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.
But PayPal, which made a huge splash when it officially entered the crypto space last October, wants to smooth those wrinkles out and get its wide network of merchants onboard.
Since introducing the crypto service, PayPal has increased weekly purchase limits two times from $10,000 to $15,000 and then $20,000."
Read more on: PayPal Pushes Crypto Further Mainstream With Checkout Service for 29M Merchants
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