PayPal says yes to Bitcoin, cryptocurrency soars to 2019 highs
PayPal officially enters the world of cryptocurrencies and Bitcoin soars to the highs of the last few months. The internet and e-commerce platform for digital payments has announced that it will allow its customers to trade and use digital cryptocurrencies on its platform, including Bitcoin, Ethereum and Litecoin. Opening up to Bitcoin and its siblings makes PayPal one of the largest payments players in the world to provide consumers with access to cryptocurrencies.
After the integration of the "bit Flyer" exchanger, announced about a month ago, therefore, the Californian company has secured the first conditional cryptocurrency license by the State Department of Financial Services in New York and is now ready to enable its application the functionality for the purchase and sale of the main digital currencies, including, as mentioned, Bitcoin, Ethereum, Bitcoin Cash and Litecoin. But the news does not end here. For 2021, PayPal also plans to offer the ability to use virtual currencies to make purchases in over 26 million businesses around the world.
Bitcoin prices are flying
An "overbearing" entry into the world of cryptocurrencies that of PayPal, which was welcomed with enthusiasm by the market. Bitcoin prices have pushed strongly upwards, exceeding 12 thousand dollars and are now heading towards the next target set at 13,930 dollars, the maximum reached on June 3, 2019. This last level has also been exceeded, for the most noble cryptocurrency there would be no more obstacles to reaching the absolute record of December 2017 at around 20,000 dollars.