Well, it’s finally happening. Popular digital payment platform and longtime champion of digital currencies, PayPal (PYPL) is paving the way for mainstream cryptocurrency transactions. And today the company — and the world of cryptos, themselves — took a massive step forward when it announced it will begin allowing U.S. consumers to use their cryptocurrency holdings
Well, this is getting interesting. In the latest sign of growing acceptance of digital currencies by the mainstream financial industry, Visa (V) just announced it will soon allow the use of the cryptocurrency “USD Coin” to settle transactions on its payment network. The USD Coin (USDC) is a stablecoin cryptocurrency whose value is pegged directly
Several countries around the world are already experimenting with central bank digital coins (CBDCs). And as a growing list of major U.S. companies and financial institutions step up to embrace the future of cryptocurrencies, the “independent” central banking system waits for approval from Congress. If the entire point of digital currency is to be traded
There are a whole lot of people out there who think bitcoin and other cryptocurrencies are all nothing more than a useless pile of rubbish, with no real monetary application. On the flip side, and as we’ve highlighted several times in the past couple of months, there is a growing list of major companies led
We could argue the merits and viability of cryptocurrencies like Bitcoin all day. But one thing that’s becoming really tough to deny is the fact that cryptocurrencies aren’t going away anytime soon. In fact, it’s looking like they’ll soon be more accessible than ever! Think about it. Have you ever stood there filling up your
The list is growing. Several major companies have already begun making sizable investments in Bitcoin and the shortlist includes Tesla (TSLA), Mastercard (MA), MicroStrategy (MSTR), Square (SQ), among others. These big investments come after many companies have begun hyping up the legitimacy of the popular crypto in the future. Square CEO Jack Dorsey recently said
Well, one thing is for sure, if you’ve been following Bitcoin, it’s been an entertaining few months! And this week, Citi (C) analysts say that bitcoin is at a “tipping point” and could become the preferred currency for international trade or… face a “speculative implosion.” With the recent embrace of Bitcoin by the likes of
Elon Musk really just can’t help himself, can he? As the entire world was in flux dealing with a global pandemic, the rogue CEO of Tesla (TSLA) saw shares of his electric-vehicle company explode than 1,100% since its pandemic-lows in March. But that wasn’t enough for Musk. A couple of weeks ago, Tesla announced it purchased
It’s hard to ignore the Bitcoin rally, which as of Wednesday, took the digital currency past $52,000. Not to mention, celebrities like Elon Musk and institutions like JP Morgan (JPM) have been providing all the hype the cryptocurrency could ever want, but truthfully, doesn’t need. But, while Bitcoin is taking all the glory, the world’s
It may sound a bit skeptical, but this sounds like an awful lot of risk for a company involved in business intelligence. Last summer, MicroStrategy (MSTR) announced it had converted $500 million in cash to Bitcoin, which sounds a lot like an investment. And now the company is selling off $900 million of debt through
It seems like just last year that Bitcoin was trading under $4,000. Wait, that was last year. My, how time and Bitcoin fly. On Tuesday, the popular digital currency rose above $50,000 to a new record high, all before surging above the $51,000 level early this morning, to a record price of $51,715 at around
Months ago, PayPal (PYPL) made headlines and sent the Bitcoin crowd into a frenzy when the company announced it will allow customers to buy, sell and hold bitcoin and other virtual coins using the U.S. digital payments company’s online wallets. PayPal President and Chief Executive Dan Schulman even went so far as to say he
Last week, retail investors and Reddit’s WallStreetBets crowd turned their attention to another target, with a helpful nudge from Elon Musk. As it’s been going, all it took from Musk was a simple one-word Tweet that read: “doge” to send crypto investors into a frenzy, piling into Dogecoin, a digital coin originally founded as a
