Bitcoin (BTC) has gained 4.86% on October 21 positive news about the crypto world boost gains. Currently it is sitting on $12,439.56, it went up after Reuters reported https://www.reuters.com/article/paypal-cryptocurrency/paypal-to-allow-cryptocurrency-buying-selling-and-shopping-on-its-network-idUSKBN2761MI that PayPal is going to support Bitcoin and other cryptocurrencies through its wallet and Venmo app starting on 2021. PayPal is hoping that this will encourage global use of cryptocurrencies and prepare its network for new digital currencies that may be developed by central banks and corporations, President and Chief Executive Dan Schulman said in an interview.
“We are working with central banks and thinking of all forms of digital currencies and how PayPal can play a role,” he said.
PayPal is getting into the crypto game, it's getting really exciting! PayPal will work with Paxos Trust Company. Paxos is best at turning things like equities—stocks —into blockchain-based tokens, which allow users to trade them like bitcoin. The BitLicense will let PayPal buy, sell, and hold bitcoin, bitcoin cash, ether, and litecoin.
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