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PayPal Gets “Conditional” BitLicense, Will Work with Paxos Trust

New York has always been strict when it comes to bitcoin and cryptocurrency, but now that PayPal has entered the crypto fray, it looks like the company’s position in the Big Apple just got a whole lot easier.PayPal Is Asserting Itself in New YorkIt has been announced that PayPal has been given what’s known to as a “conditional” BitLicense. The circumstances of the license are somewhat different from just a straight-up BitLicense application. The former permits PayPal to attach itself and work...

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5 Reasons For Bitcoin’s Price Surge To New 15-Month High

At the beginning of October, Bitcoin’s price was particularly indecisive and trading slightly above $10,000, causing many to believe that the unfilled CME gap down at $9,600 would soon be closed. Fast forward to the current date, October 27th, BTC is trading at $13,400, having just marked a fresh high for 2020. The cryptocurrency added around $3,000 to its value, representing an increase of around 30%. With this said, this month was also quite eventful. Many things happened,...

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PayPal Aims to Buy Bit Go, a California-Based Crypto Exchange

Now that PayPal has permitted the buying and selling of bitcoin and other forms of crypto on its site, it would appear the company fancies itself the ultimate crypto platform, and apparently, it’s looking to expand its horizons with the potential purchase of exchanges like Bit Go.PayPal Has Its Sights Set on Bit GoPayPal announced early last week that it would allow users to purchase items and services with cryptocurrency through its platform. In addition, people could also trade and purchase...

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Novogratz: BTC Is for Storing Value, Not for Payments

Mike Novogratz can be a hard man to read. As a billionaire investor and former ex-hedge fund manager, the man has had a lot of positive things to say about bitcoin, going so far as to compare the asset to gold. However, while he thinks very highly of bitcoin, he doesn’t see it being used as a legitimate currency anytime soon.Mike Novogratz: BTC Won’t Be Used for Payments RegularlyWhile there are retailers and companies out there that accept crypto and bitcoin payments, they are certainly not...

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Is PayPal Bitcoin’s Best Hope Right Now?

There are analysts out there that claim the PayPal-bitcoin relationship isn’t anything special. Now that they are more familiar with the fine print associated with the relationship, they are questioning just how far bitcoin can go with it. However, the sentiment also appears to be that even though the arrangement may not be perfect, PayPal is the best option for bitcoin right now.PayPal May Not Be Perfect, but It Is HelpingAccording to a press release issued by PayPal, there are no fees for...

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Analysts: Bitcoin Won’t Replace Cash Anytime Soon

The news regarding PayPal’s acceptance of bitcoin and cryptocurrencies is becoming the big news of the year. Many analysts claim that this will ultimately push bitcoin into mainstream territory and give it the boost it needs. Already, the currency has shoved past the $13,000 mark and many industry experts think the currency could potentially end the year at around $14,000 – a solid piece of data given how up and down the currency has been during these past 12 months.Bitcoin Won’t Be...

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The PayPal Effect: Billionaire Chamath Palihapitiya And Libra’s Chief Believe Banks Will Support Bitcoin

PayPal’s decision to enable its users to interact with cryptocurrencies directly on its platform continues to attract popular individuals’ attention. The latest to acknowledge the significance of this move were the Head of Facebook Financial, David Marcus, and Social Capital CEO Chamath Palihapitiya. Banks Will Follow PayPal, Says Marcus Arguably the most significant piece of news recently came last week when the giant online payment processor PayPal announced it will soon...

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Users Are Advised to Read the Fine Print Regarding PayPal BTC Transactions

Uh oh… Does the new relationship between PayPal and bitcoin come with a catch or two?What Kind of Trick Is PayPal Pulling?Earlier in the week, PayPal announced that it would allow users to purchase items and services with cryptocurrencies such as bitcoin, bitcoin cash and Litecoin. The crypto world celebrated the news and took it as a sign of bitcoin’s growing mainstream status. They were now being given permission to use bitcoin in one of the world’s biggest financial settings, and nothing...

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Some Don’t Think the PayPal-Bitcoin Relationship Is Any Big Deal

It was recently announced that mega online payments firm PayPal would now allow users to purchase both goods and services with bitcoin and other forms of cryptocurrency. Some have called this news huge, such as Mike Novogratz, who believes that bitcoin is about to march deeper into mainstream territory.Some Say “So What” About PayPal Permitting BTCFor others, however, while the news is ultimately positive for bitcoin and the digital payments community, they don’t consider it a huge...

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PayPal & Bitcoin

PayPal jetzt mit Bitcoin Kauf und Verkauf – weitere Währungen unterstützt Ab 2021 können 350 Millionen Nutzer und 26 Millionen Geschäfte Bitcoin über ihre Plattform nutzen. Das ist es, was wir als ‚bullish‘ bezeichnen. Es gibt noch eine weitere interessante Entwicklung. Viele börsennotierte Unternehmen kaufen Bitcoin. Es scheint, dass sie sich gegenseitig übertreffen wollen,...

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