65% of Traders on Paypal Ready to Use Bitcoin to Pay for Goods and Services: Survey

65% of Traders on Paypal Ready to Use Bitcoin to Pay for Goods and Services: SurveyAt least 65% of people who use the Paypal app to trade bitcoin are prepared to start using the top cryptocurrency to pay for goods and services at the 28 million stores supported by the payments company throughout the world. According to a proprietary survey of 380 Paypal users by Mizuho Securities, 17% of the […]

The post 65% of Traders on Paypal Ready to Use Bitcoin to Pay for Goods and Services: Survey appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets

Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand RocketsPaypal bought up to 70% of all the newly mined bitcoin since the payments giant started offering cryptocurrency services four weeks ago. Now that’s according to estimates by hedge fund manager Pantera Capital, as revealed in its latest monthly blockchain letter. Together with Square’s Cash App, the two companies are buying more than 100% of […]

The post Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Coinbase to Offer Bitcoin-Based Cash Loans of up to $20,000 Across 17 US States

U.S. crypto exchange Coinbase will start offering bitcoin-backed cash loans to select customers as early as next month. Investors can borrow up to 30% of the bitcoin they hold on the exchange, or a maximum $20,000, it said. In a blog post on August 13, Coinbase unveiled its new crypto lending business, which places it […]

The post Coinbase to Offer Bitcoin-Based Cash Loans of up to $20,000 Across 17 US States appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Square’s Cash App Reports BTC Quarterly Revenue Exceeds Fiat’s, Soaring 367% to $306 Million

Square’s Cash App reported Wednesday, that bitcoin (BTC) revenue during the first quarter of the year, soared 367% to $306 million from $65 million a year ago. Quarter-on-quarter, the figure is up 71%. The increase is thanks “to growth in the number of active bitcoin customers, as well as growth in customer demand as a […]

The post Square’s Cash App Reports BTC Quarterly Revenue Exceeds Fiat’s, Soaring 367% to $306 Million appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Getting In and Out of the Cryptocurrency Economy Can Be Costly

Getting In and Out of the Cryptocurrency Economy Can be CostlySince bitcoin and digital currencies have become popular, fiat on and off-ramps have sprung up that allow investors to enter and exit the cryptoconomy. However, many of the entryways into cryptocurrency markets have a hefty fee between 1-4% of the overall purchase and in order to obtain fiat for crypto the fees are just as […]

The post Getting In and Out of the Cryptocurrency Economy Can Be Costly appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico