Bitcoin has surged past 12k and is predicted higher after PayPal announced a new cryptocurrency service for its account users.
Providing Paypal users with the ability to purchase and use Bitcoin for transactions and as a form of financial security.
Instantly expanding the potential usage of Bitcoin to all of Paypal’s worldwide merchants.
Paypal has claimed previously to have 305 million active consumer accounts and over 22 million merchants.
Imagine the possibilities for the increased adoption of Bitcoin usage and the ability to store bitcoin with a global provider such as Paypal.
This is huge news for cryptocurrency because PayPal has also been granted a first-of-its-kind conditional Bitlicense by the New York State Department of Financial Services (NYDFS).