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 CURRENT BITCOIN HASHRATE TRENDS INFER A K BTC PRICE SET TO SKYROCKET UP TO 80X!!
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Bitcoin pioneer Max Keiser, RT host of the Keiser Report recently tweeted the following bullish BTC price prediction:
“The Bitcoin price is lagging hashrate by a considerable margin. Current hashrate trends infer a $35,000 – $50,000 price.”
“People with zero Bitcoin exposure like Warren Buffett will see their wealth hyperinflate to nothing while the BTC price skyrockets 40-80x”, says Max Keiser.
Keiser recently tweeted that “the (temporary) Bitcoin price suppression scheme is a godsend for poor people to stack sats *now* before retail liquidity dries up and the price vaults to gold-parity levels around $400,000.”
CryptoPotato reached out to the popular TV host to elaborate on his views regarding the price suppression and potential surge in value.
Keiser asserted that “for the world’s poor, the current price and availability of BTC are a once in a species-existent opportunity to acquire unconfiscatable Hard Money before a 40-80x move on the upside.”
He commented that his “forensic analysis of the BTC market, corroborated by insiders, is indicating futures traders are suppressing the price of BTC to give institutional players a chance to load the boat.”
He also gave his intermediate price target of $28,000 per coin. Once the cryptocurrency reaches that level, it would be a significant game-changer for people’s perception of the asset.
“When this happens, we’ll see something quite unexpected. The retail market for BTC will dry up. The amount of BTC for sale AT ANY PRICE will be increasingly tiny. Institutions, corporations, and governments will be buying BTC directly from miners, presumably at a huge premium.”
Keiser, who previously said that Warren Buffet will start panic buying Bitcoin when the asset price jumps to $50,000, said that people like the prominent investor, who have no Bitcoin exposure, will see “their wealth hyperinflate to nothing.”
In other trending Bitcoin News today:
Michael Saylor Reveals What He’ll Do When $425 Million Bitcoin Investment Surges 100x
Microstrategy CEO Michael Saylor said he will hold his company’s Bitcoin (BTC) for 100 years, and has no intention of selling it.
On Aug. 11, the business intelligence firm announced it had purchased 21,454 BTC for $250 million.
This investment is now worth more than $278 million, representing an 11% increase in two months, and has purchased more Bitcoin since.
In a new interview with Real Vision CEO Raoul Pal, Saylor said the decision to invest $250 million was informed by a discussion between its board of directors and the firm’s investors, auditor and executives. Saylor explained:
“This is not a speculation, nor a hedge. It is a deliberate corporate strategy to adopt the Bitcoin Standard.”
Microstrategy decided to restructure its treasury in response to recent global economic uncertainty, looking to explore assets suited to providing a long-term store of value.
But after considering a variety of options with a 100-year outlook, Saylor decided Bitcoin was the only option.
Tax and fees kill almost all other assets, he concluded, and those that aren’t killed are instead crippled because they are controlled by a CEO, government or country.
Bitcoin, on the other hand, is evolving, and over time it gets harder, stronger and faster, Saylor concluded, describing BTC as a “hive of cybernetic hornets protected by a wall of encrypted energy.”
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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:
“I came to the conclusion that #btc was going to be the best of the inflation trades–the defensive trades,” says Paul Tudor Jones. “Bitcoin has a lot of characteristics of being an early investor in a tech company…it’s like investing with Steve Jobs and Apple.” pic.twitter.com/4760iQBrOy
— Squawk Box (@SquawkCNBC) October 22, 2020
This message from KeiserReport in 2011 put bitcoin on the map. Millions heard the call. We created 100,000’s of #BTC millionaires globally with hundreds of shows over 10 years These facts get overlooked during this period of Russophobia, sadly
— Max Keiser (@maxkeiser) October 17, 2020
#Bitcoin price is lagging hashrate by a considerable margin. Current hashrate trends infer a $35,000 – $50,000 price
— Max Keiser (@maxkeiser) October 22, 2020
https://cointelegraph.com/news/michael-saylor-claims-the-company-will-hold-bitcoin-for-100-years
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WILL BITCOIN PRICE HIT ,000 POST HALVING?! | BTC Just Passed K Yet Again: What's Next?
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Many analysts asserted that 2020 would be a strong year for the Bitcoin price long before the current global economic crisis began.
Most notably, the flagship cryptocurrency was expected to jump after May’s block reward halving.
New data now suggest that these BTC predictions are still on-track.
Analyst PlanB continues to stand by the assertion that Bitcoin’s stock-to-flow ratio points to extremely high gains after the halving.
This metric is determined by comparing present inventory to production and is a common tool used to gauge the value of hard commodities such as precious metals.
PlanB has just tweeted:
“So btc has been oscillating around S2F value of $7000 for 2.5 years now. Just like before 2016 halving ($300) and before 2012 halving ($6). Excited to see if we are going to add another zero after the halving in May.”
Thus, although a prediction of USD $70k may seem outlandish, it would be perfectly in-line with previous gains for the flagship cryptocurrency.
Also, there is no doubt that the capital exists to drive Bitcoin this high, as well as the public interest.
In fact, government responses to the impending recession may make Bitcoin and other cryptocurrencies even more attractive.
A just-published article on HackerNoon asserts that the banks and legacy financial companies are all but certain to receive massive bailouts, just as they did in 2008.
However, unlike twelve years ago, the infuriated public has the opportunity to put their assets into crypto, which will boost prices.
Author Mark Helfman writes: “Don’t underestimate the potential for this financial crisis to spur people into buying crypto and building businesses around crypto-based products, services, and processes.
People might get so angry that they look for an “out” that doesn’t involve the banks, governments, and corporations.”
It is worth noting that Bitcoin was born out of frustration with central banks, and the U.S. government’s willingness to prop up incompetent and corrupt financial institutions.
It is safe to assume that a repeat of this cronyism would only drive more investors into the crypto space.
Market activity notwithstanding, the development and adoption of Bitcoin and other cryptocurrencies are rapidly taking place.
Of particular note is the institutional embrace of blockchain technology by a wide range of industrial sectors.
Also, whereas fiat remains strong for purchases, the world is increasingly turning to crypto for remissions and financial transfers.
It is these real-world use cases that will play a key role in driving up Bitcoin’s value.
In other words, the central bank-issued fiat must now compete with a new asset class that offers many clear advantages.
When placed in this context, predictions of much higher Bitcoin prices are very realistic.
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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:
So #btc has been oscillating around S2F value of $7000 for 2.5 years now. Just like before 2016 halving ($300) and before 2012 halving ($6). Excited to see if we are going to add another zero after the halving in May🚀 pic.twitter.com/2pkCgOSAEN
— PlanB (@100trillionUSD) April 4, 2020
Bitcoin Just Passed $7,000 Yet Again: What Do Analysts Think Is Next?
Bitcoin Follows Pre-Bull Run Pattern That Sent Amazon Stocks Soaring
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BITCOIN ON TRACK TO HIT $350K BY YEAR-END, WITH CHANCE OF $1M BTC IN EXTENDED CYCLE, SAYS MACRO GURU
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Macro guru Raoul Pal predicts that Bitcoin (BTC) can skyrocket over 700% from its current price in the coming months and that Ethereum (ETH), the leading smart contract platform can surge over 480%.
“My price prediction has been ETH north of $20,000, and that’s pretty simple. All I did is just map over the ETH chart to the Bitcoin 2017 chart. They work perfectly, and it gives you $20,000. There’s no great science to that, but it feels about right.”
“I’ve also mapped the Bitcoin price versus Bitcoin 2013. They look pretty similar. There’s a bunch of other ways I’d do it with Bitcoin with log charts, regression analysis, stuff like that. Generally speaking, I think it’s somewhere between $250,000 to $400,000, with an outside chance of a million [dollars] if we get an extended cycle.”
In other trending Bitcoin News today: Legislative Assembly of El Salvador approves $150M Bitcoin Trust!
El Salvador’s Legislative Assembly has passed legislation creating a $150 million dollar Bitcoin Trust and supporting the development of crypto infrastructure and services across the country.
The bill passed on Aug. 31, with 64 officials voting in favor and 14 opposing the trust’s creation. The Trust is designed to facilitate conversion of Bitcoin into U.S. Dollars, and support the roll out of vital technological infrastructure enabling widespread adoption of crypto assets.
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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:
https://cointelegraph.com/news/legislative-assembly-of-el-salvador-approves-150m-bitcoin-trust
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