Bitcoin, the digital currency, rose above the $ 50,000 mark for the first time since May.
Most recently, a Bitcoin on the Bitstamp trading venue cost $ 50,299, a good two percent more than the day before. In the past few days, the decision of the US trading platform Coinbase to replenish its own stocks of crypto currencies provided additional momentum.
However, there is still a long way to go before Bitcoin’s record high of almost $ 64,900 in April. The total value of all cryptocurrencies is now back over two trillion dollars, according to the Coinmarketcap website.
Bitcoin payments with PayPal UK
The US payment service provider PayPal had previously announced that it would also introduce the purchase, sale and ownership of cryptocurrency in the UK this week. Customers can now choose from four currencies: Bitcoin, Ethereum, Litecoin and Bitcoin Cash. The respective exchange rates would be indicated on the PayPal page.
The pandemic has accelerated digital change and innovations in all areas of life, according to PayPal. The new offer should help people in Great Britain to “explore” cryptocurrencies. PayPal customers in the USA have been able to use digital currencies since March.