PayPal has announced a significant update for its business account holders in the U.S., enabling them to buy, hold, and sell cryptocurrencies directly from their PayPal business accounts. This expansion aims to provide businesses with the same cryptocurrency capabilities that have been available to individual consumers since 2020. Business owners can now engage with digital currencies, enhancing their payment flexibility.
Additionally, PayPal business accounts can transfer supported cryptocurrencies to external blockchain addresses. However, this feature is currently not available in New York State.
This move is part of PayPal’s broader strategy to increase the utility of cryptocurrencies for its users. In previous years, PayPal introduced features such as the ability to buy, hold, and sell digital currencies for personal accounts, and even launched a U.S. dollar-backed stablecoin called PayPal USD (PYUSD). The company has been steadily expanding its crypto services, aiming to integrate digital assets into mainstream business operations and offer a wider array of financial tools to its users.
With this update, PayPal aims to meet the growing demand from business owners to incorporate cryptocurrency into their financial strategies, providing them with a seamless way to transact and manage digital assets.
This development marks a pivotal moment for PayPal’s role in the adoption of cryptocurrencies in everyday business activities, potentially paving the way for broader acceptance of digital currencies in commercial transactions.
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MAX KEISER SAYS BITCOIN PRICE WILL HIT NEW ALL-TIME HIGH BY JUNE 4TH!! BTC DOMINANCE ON THE CLIMB!!
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Bitcoin pioneer Max Keiser, RT host of the Keiser Report and Orange Pill Podcast shares his latest Bitcoin price predictions after the recent massive 55% BTC market correction.
“Max & Stacy started buying BTC in 2011 – and have been through (and reported to millions of people) every single one of these corrections. $220,000 in 2021 still in play. Bitcoin new ATH by The Bitcoin Conference June 4th.”
In other trending Bitcoin News Today: This Large-Cap Coin Will Lead Crypto Markets Out of Correction, Says Macro Guru Raoul Pal. Former Goldman Sachs executive and Real Vision Group CEO believes one large-cap coin could spearhead the charge out of the crypto market correction.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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https://cointelegraph.com/news/bitcoin-declared-dead-more-than-400-times-now
https://cointelegraph.com/news/bitcoin-dominance-likely-to-bounce-back-after-market-slump-report
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$6 BILLION NCR OPENS BITCOIN PURCHASES TO 650 BANKS IN 160 COUNTRIES!! $20K ETHEREUM PREDICTION!!
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BREAKING – A new deal between payments giant NCR and NYDIG will bring Bitcoin purchases to 650 U.S. banks and credit unions. NCR offers ATMs and kiosks in 160 countries.
650 U.S. banks will soon be able to offer bitcoin purchases to an estimated 24 million total customers. As part of the deal, between enterprise payments giant NCR and digital asset management firm NYDIG, community banks including North Carolina-based First Citizens Bank and credit unions including Bay Federal Credit Union in California will be able to offer their clients cryptocurrency trading through mobile applications built by the payments provider.
In other trending Crypto News today: Ethereum Could Surge Above $20,000 on Back of This Emerging Crypto Sector, According to Coin Bureau! The pseudonymous host of Coin Bureau thinks Ethereum has the potential to surge past $20,000 with the help of an emerging sector of the crypto markets.
In a new video, the popular analyst who goes by Guy says that decentralized finance (DeFi) and its ability to replicate the services of traditional finance without the drawbacks will be the catalyst that pushes Ethereum to the stratosphere.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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TA: Bitcoin Lacks Momentum Above $36K, Why BTC Could Correct Lower
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BREAKING: FIDELITY PRESIDENT LAUNCHES NEW BITCOIN FUND; 0,000 BTC MINIMUM BUY-IN PRICE!!
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One of the largest mutual funds in the U.S., Fidelity Investments, is enhancing its efforts in the Bitcoin and crypto space with its chief strategist, Peter Jubber, starting an institutional-grade and high net worth clients-focused BTC index.
According to a filing sent to the Securities Exchange Commission (SEC), Fidelity Investments has launched a new Bitcoin index fund, ‘Wise Origin Bitcoin Index Fund I, LP’ that targets high net worth investors and institutions.
A $100,000 minimum buy-in value is required by the index fund following the demand by corporations and accredited investors on Wall Street on cryptocurrency investments.
The Wise Origin Bitcoin fund was launched by the head of strategy and planning at Fidelity Investments, Peter Jubber, in conjunction with the mutual fund’s brokerage and distribution divisions.
The fund aims to provide a gateway for accredited investors on Wall Street to dip their feet into crypto.
Fidelity is known for its soft stance on crypto investing, owning stakes in crypto companies such as Canadian mining firm, 8Hut, and providing custodial services to institutions.
Jubber, also a well-known enthusiast and evangelist of Bitcoin and blockchain, in 2017 said the firm was sketching out a decade long plan on the impacts and opportunities that blockchain technology offers to traditional finance.
Peter will lead the ‘Wise Origin Bitcoin Index Fund’ as the executive director and FD’s Fund’s president.
Reports on Forbes also confirm that a Delaware based firm, FD Funds GP will become a general partner to Fidelity’s new BTC fund.
Fidelity’s reports on the cryptocurrency market this June showed that over 36% of big institutional investors were taking up digital assets, and another 80% of them stating they find crypto appealing.
Moreover, a recent report by the mutual fund concluded there is an increasing interest in Bitcoin as a store of value with the world’s witnessing unprecedented fiscal and monetary policies.
In other trending Bitcoin News today:
Stablecoin metric hints Bitcoin price will rise as buyers snap up BTC!
At $11,400, Bitcoin (BTC) is ripe for a fresh price surge thanks to stablecoin investors buying up cheap coins, data suggests.
Highlighting the latest readings from its stablecoin supply ratio (SSR) metric on Aug. 26, on-chain monitoring resource Glassnode forecast upside for BTC/USD.
SSR refers to the potential buying power of stablecoins over Bitcoin. A low Bitcoin price allows stablecoin owners, for example, on exchanges, to purchase more of the BTC supply.
This demand pushes the price of Bitcoin up, given its predictable, verifiable supply and high stock-to-flow ratio.
As the price increases, stablecoins, which remain priced the same in whichever fiat currency they are pegged to, can buy less of the BTC supply.
The ability to enter a BTC position is called “buying power.”
Currently, that buying power is high, meaning stablecoin owners can purchase a comparatively large amount of the supply.
“SSR is 3x stronger than it was when BTC hit these price levels over a year ago,” Glassnode commented.
In another tweet, the firm noted that the largest stablecoin, Tether (USDT), was conspicuously primed to enter such positions.
“Further support comes from an increase in the $USDT (ERC20) balance on exchanges over the past year — indicating that stablecoins are waiting on the sidelines.”
Tether’s market cap passed a landmark $10 billion in July. In terms of average daily transfer value, USDT beat both Bitcoin and PayPal this month.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
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https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12
https://cointelegraph.com/news/stablecoin-metric-hints-bitcoin-price-will-rise-as-buyers-snap-up-btc
https://cointelegraph.com/news/latest-fidelity-filing-outlines-mainstream-bitcoin-trading-product
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