“Early next year we’re going to allow cryptocurrencies to be a funding source for any transaction happening at all 28 million of our merchants, and that will significantly bolster the utility of cryptocurrencies," Schulman said.
-
-
JPMorgan Chase CEO Jamie Dimon is not about to join other big investors on the Bitcoin Train (Photo: World Economic Forum)Still a skeptic: JPMorgan Chase boss Jamie Dimon says ‘Bitcoin is not my cup of tea’
The CEO also predicts there’s trouble brewing for the cryptocurrency if its market cap gets any bigger, warning the U.S. ‘can regulate whatever they want’
Bitcoin’s tantalizing rise to $18,000—a 13% increase in the space of a week—still isn’t enough to impress JPMorgan Chase chief executive Jamie Dimon. However, that isn’t to say that Dimon is skeptical about digital assets or the power of blockchain technology.
-
Markets Report: Bitcoin beats $16k as Paypal opens buying to U.S. customers
A shift in pace for PayPal’s crypto adoption accompanies Bitcoin surging to its highest since late 2017
Bitcoin is nearing the end of another week of fresh gains which have taken it to near three-year highs — what’s next? Following days of volatility, BTC/USD looks set to produce a weekly close which could be its second highest on record.
-
A new service from PayPal allows its customers to buy, hold and sell cryptocurrency directly from their PayPal account (Photo: PayPal)PayPal crypto service goes live
The digital payments company’s U.S. customers can now buy and sell bitcoin, ether, bitcoin cash, and litecoin in their accounts, heralding a new level of mainstream availability for cryptocurrencies
Announced last month, the crypto support went live for U.S. customers on Nov. 12, marking a new level of mainstream availability of cryptocurrency. In addition, PayPal said it will “significantly increase cryptocurrency's utility” as it will be usable for purchases at the company’s network of 26 million merchants worldwide.
