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Bitcoin Volume Surges Over $300 Million in Paypal

CryptocurrencyMay 29, 2021 04:30AM ET
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© Reuters. Bitcoin Volume Surges Over $300 Million in Paypal

  • 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.

Source: nomics/exchanges/itbit

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This article was first published on coinquora.com

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Bitcoin Volume Surges Over $300 Million in Paypal
 

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Comments (5)
William Bailey
William Bailey May 29, 2021 12:56PM ET
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When will the music stop? Pyramid chicken!
Prince ime Efyoung
Prince ime Efyoung May 29, 2021 12:46PM ET
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you better hold that btc, believe me
William Bailey
William Bailey May 29, 2021 12:46PM ET
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In a few days to a few months capitilization will end.... its worth exactly nothing
Jody Darden
Jody Darden May 29, 2021 12:46PM ET
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William Bailey  The only think important about Bitcoin .. or any cryptocurrency is the blockchain.  The coins will be worthless eventually.
Kevin Shaughnessy
Kevin Shaughnessy May 29, 2021 9:06AM ET
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Trading volume? But was any used for transactions?
milena villa escobar
milena villa escobar May 29, 2021 8:19AM ET
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it's down because as a security this instrument has no substance and will soon disappear. The world is not going to take the financial services industry and turn it on its head just to see what might happen. Get out now before they take the rest of your money  and the volume of Bitcoin has nothing to do with PayPal and vica versa.
Luke Harris
Luke Harris May 29, 2021 8:19AM ET
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Ok boomer
milena villa escobar
milena villa escobar May 29, 2021 8:19AM ET
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Luke Harris I all the tech savvy guys are being led by their ego to the slaughter.  The most nieve generation to ever live.  And where is the founder of bitcoin again?  lol
perplexed76 .
perplexed76 . May 29, 2021 5:25AM ET
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of cousre if you measure true bitcions in fiat dollars volume rose before true money crashed
Edward Chong
Edward Chong May 29, 2021 5:25AM ET
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then why is it still down??? can i ask since is good news.
Simon Meszaros
Simon Meszaros May 29, 2021 5:25AM ET
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because bubble burst? fresh money inflated bitcoin and now after all whales took profits retail investrs keeps asking. it may go up again of course... but until then it will go down. nobody knows huw much exactly. but if you hold your btc then you will always have your holding...
milena villa escobar
milena villa escobar May 29, 2021 5:25AM ET
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Edward Chong  it's down because as a security this instrument has no substance and will soon disappear. The world is not going to take the financial services industry and turn it on its head just to see what might happen. Get out now before they take the rest of your money  and the volume of Bitcoin has nothing to do with PayPal and vica versa
Miriam Morkhul
Miriam Morkhul May 29, 2021 5:25AM ET
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Not real dollars pumped the Bitcoin paper price. Price action was pumped by other coins/tokens. Hedge funds cashed out dollars and left junk commercial paper as collateral. Almost every exchange triggered glitches on app software locking users out of their account. All of a sudden passwords don't work, app is super slow, doesn't update correctly, robot customer service only. Read recent reviews from when Bitcoin peaked. Skip fake 5-star reviews.
 
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