- PayPal breaks new record upon surpassing $300 million worth of Bitcoin volumes
- Bitcoin’s and other altcoins’ aggressive performance in early 2021 may be a reason
- Paypal is also working on the possibility to transfer crypto from 3rd-party wallets
PayPal, a well-known digital payment platform, creates a new record upon surpassing $300 million worth of Bitcoin volumes. This news is based on the data provided by nomics, a platform that provides transparent crypto data. Truly, this is another news that brings joy to the Bitcoin community and its investors around the world.
As seen in the graph above, the volume of cryptocurrency transacted continues to increase since the start of the year. The aggressive performance of Bitcoin and altcoins in the early days of 2021 is a factor to consider in this volume boost.
Furthermore, Paypal is also working on the possibility of transferring crypto from third-party crypto wallets to its platform. Along with this, Paypal is developing features such as a crypto withdrawal system and other crypto-related functions. Truly, this is a piece of news that excites the Paypal users and the crypto community.
In other news, Coinbase officially announces its partnership with PayPal in the US. As a result, the Coinbase crypto community in the US can now use PayPal in purchasing cryptocurrencies.