PayPal integrates crypto; Kraken CEO predicts 1 Bitcoin = 1 Lambo in 2021
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Cryptocurrencies have crept higher for a second day after another payments giant integrated digital payments into its services.
A day after Visa said it would accept the stablecoin USD Coin to settle transactions, PayPal announced a “Checkout with Crypto” feature to let its US users seamlessly pay for transactions using Bitcoin, Litecoin, Ethereum or Bitcoin Cash.
“We think it is a transitional point where cryptocurrencies move from being predominantly an asset class that you buy, hold and or sell to now becoming a legitimate funding source to make transactions in the real world at millions of merchants,” PayPal president and CEO Dan Schulman told Reuters.
Ex-PayPal CEO: #Bitcoin is useless
Current PayPal CEO:
Pay with #Bitcoin at 30m shops all over the world! 🙌 🚀
— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) March 30, 2021
pump my bags paypal
— CryptoFinally 💫 (@CryptoFinally) March 30, 2021
BTC jumped from around $US58,000 to over $US59,000 after the news broke yesterday evening.
At 2.27pm AEDT, Bitcoin was trading at $US58,922 ($76,988), up 2.5 per cent from 24 hours ago.
Ethereum was changing hands at $US1,843 ($2,402), up 2.3 per cent.
Of the top 100 coins on Coingecko, 57 had risen in the last 24 hours, while 39 had dipped.
Bittorrent (BTT) was the top performer, rising 40.6 per cent to an all-time high US0.53c, followed by Holo (HOT), which had gained 34.3 per cent.
Solana (SOL), Holo (HOT) and THORChain (RUNE) were the other top 100 coins setting new record highs in the past 24 hours, according to Coingecko.
Dutch crypto trader Michaël van de Poppe tweeted that BTC was facing one “final hurdle” before a potential massive move higher.
#Bitcoin faces final hurdle before $68,000 and that’s this red region.
Going great so far, in which this move is beautiful. Are we continuing already? I’m not sure.
Are we massively bullish? Yes.
— Michaël van de Poppe (@CryptoMichNL) March 30, 2021
Meanwhile, Kraken chief executive Jesse Powell told Bloomberg TV that BTC could be worth “one bitcoin per Lambo” by the end of the year, and “one bitcoin per Bugatti” by 2023.
When Lambo? Probably by the end of the year, says @jespow.
— Bloomberg Crypto (@crypto) March 31, 2021