Other cryptos such as litecoin, bitcoin cash and ethereum also rose sharply in value.
Cryptogeld in je PayPal-wallet
PayPal claims to have 300 million users. Those users can easily make payments from their ‘wallet’, a digital wallet that is linked to their account, at web shops, for example.
In the coming weeks, US users can start buying, holding and selling bitcoin, bitcoin cash, litecoin and ethereum through their PayPal wallet. Later the service will also be expanded to other countries. The intention is that from the beginning of 2021 the first customers will actually be able to use their crypto credit to pay at web shops.
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More usable
The actual payment will then not take place in cryptocurrency, but as a user you can choose to exchange part of your cryptocurrency to traditional currency with the push of a button, in order to make the payment. No additional costs would be charged for this.
This immediately ensures that the cryptocurrency becomes a lot more user-friendly and, above all, more functional. At the moment you can hardly pay anywhere with cryptocurrency. In addition, it is not very suitable for it, because the value fluctuates enormously and transactions are time consuming.
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More users, more demand
If services such as PayPal make the use of crypto coins easier for a large group of people, this will probably also eventually boost the demand for crypto coins. That is also the reason that the price is rising.
The last time more than $ 1,260 was paid for a bitcoin was July last year. Yet the cryptocurrency is nowhere near its highest point ever. In December 2017, the price briefly reached a level of $ 20,000.
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