Did you hear the news? Are you as excited as I am?
PayPal Holdings Inc said on Wednesday it will allow customers to hold bitcoin and other virtual coins in its online wallet and shop using cryptocurrencies at the 26 million merchants on its network.
The ability to make payments with cryptocurrencies will be available from early next year, the company said.
Cryptocurrency users went crazy with tweets and posts as soon as they heard the news.
Like this wasn’t enough, the latest news is that Bitcoin breaks above $12.5k after PayPal confirms Venmo to become btc wallet as well.
Last week we heard news that nearly $900 million in VC went to crypto companies in the third quarter alone of 2020.
This news was launced right after i posted on the forum about how we kept seeing news that more and more VCs are investing in Bitcoin and other cryptocurrency companies.
I think is pretty clear why we are seeing this pattern in 2020 where many countries or towns are expecting to have a deflation on their currency or are struggling economically and will be looking at digital currencies as an alternative to help increase their economy so they don’t end up in bankruptcy.
What are your thoughts on the topic?