As Bitcoin enters the mainstream with Paypal, what’s next?
Key Takeaways: Will Bitcoin surge towards 14,000? ETH set to reach 1 trillion in one year, as BTC enters the mainstream with Paypal, what’s next?
BTC Daily Chart
Paypal + Bitcoin = A perfect marriage?
Paypal on Wednesday announced that it would allow its users to buy, sell, and hold Bitcoin along with several other cryptocurrencies. This announcement makes Paypal arguably the most influential fintech company to provide cryptocurrency support on its platform. This move towards mass adoption massively increases the likelihood for large e-commerce companies to facilitate virtual currency payments as well. With more big names like Paypal getting on the crypto wagon, it is likely that we will see higher prices in the near future.
Not your keys, not your coins.
Like all good marriages, there’s a catch. The small print in the term reveals that Paypal will not allow users to transfer their crypto in or out of Paypal – nor will you hold your private keys. It is times like these where you should stick to Bitwala for all your crypto needs. (We’re right here if you need us).
Nonetheless, we’re very pleased that finally, the hype has gotten to industry giants such as Paypal. Meanwhile –
Ether 2.0 Catches Up
Run rabbit, run. The Ethereum network is processing more than double the transaction volume of Bitcoin and is on-course to process $1 trillion this year. The DeFi craze has helped put Ethereum in the spotlight over Bitcoin, and ETH has since broken the $390 and $400 and $420 resistance levels, with strong momentum to move even higher in the following weeks.