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Free Bitcoin 2020 Earn Free Bitcoin Daily in Internet 2020 Learn different ways to earn Bitcoins by completing simple tasks, Captcha’s and sell your Bitcoins for real money. Free Bitcoin 2020 What is Bitcoin? Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency. Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets. Bitcoins in its pure essence is money. It is digital curren

Payments Giant Paypal Says Its Customers Can Now Buy and Sell Bitcoin

Payments Giant Paypal Says Its Customers Can Now Buy and Sell Bitcoin

Payments giant Paypal says its customers can now buy, sell and hold bitcoin and other virtual coins with the company’s online wallets. The company also says its customers will able to use cryptocurrencies to shop at the 26 million merchants on its network starting in early 2021.

A report quotes the company’s President and Chief Executive Dan Schulman saying they hope “the service will encourage global use of virtual coins and prepare its network for new digital currencies that may be developed by central banks and corporations.”

“We are working with central banks and thinking of all forms of digital currencies and how Paypal can play a role,” said Schulman.

According to a report, U.S. account holders can start buying and selling cryptocurrencies in “the coming weeks” while there are plans to expand “this to Venmo and some countries in the first half of 2021.”

The report adds that Paypal, which has secured the first conditional cryptocurrency license from the New York State Department of Financial Services (NYDFS), “will initially allow purchases of bitcoin and other cryptocurrencies called ethereum, bitcoin cash, and litecoin.” Paypal has partnered with Paxos Trust Company to offer the service.

Meanwhile, the report further explains:

Cryptocurrency payments on Paypal will be settled using fiat currencies, such as the U.S. dollar, meaning merchants will not receive payments in virtual coins.

The news of Paypal’s entry into the cryptocurrency space is a huge endorsement for crypto assets and it comes as more mainstream organizations are buying bitcoin and other digital assets.

The payments giants’ entry is likely to spark the wider adoption of cryptocurrencies given its wide reach. According to the report, Paypal “has 346 million active accounts around the world and processed $222 billion in payments in the second quarter.”

What do you think of Paypal’s entry into crypto space? Tell us what you think in the comments section below.

The post Payments Giant Paypal Says Its Customers Can Now Buy and Sell Bitcoin appeared first on Bitcoin News.



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