Bitcoin Processes More Volume Than PayPal In 2021

Bitcoin has grown into a viral payment method, and info from BlockData proves it. The blockchain analysis firm recently stated that Bitcoin had supported 65% greater transaction volume than PayPal this year. This shows that Bitcoin is increasingly popular as a payment method and not just a store of value. Bitcoin Versus Paypal 2021 On Monday, Blockdata released a detailed analysis of how it will adopt the Bitcoin network for payments over time. While examining some current numbers, the firm…

Stripe Shows Consideration For Supporting Crypto Payments Again

The success of Bitcoin’s lightning network may bring one noteworthy payment process back into the asset. Stripe – a financial services and software company – recently stated that it could begin supporting Bitcoin payments again. This comes after Stripe ended support for the cryptocurrency in 2018 due to slow transaction speeds. Could Stripe Return to Bitcoin? John Collison – Co-Founder of Stripe – expressed re-consideration for Bitcoin to CNBC on Tuesday. He recognized that the asset class means different things…

Australian Baseball Club Adopts Bitcoin Standard, Will Dump Dollars For BTC

While institutions start to slowly dabble fractions of their portfolios in crypto, an Australian baseball club is way ahead of the game. The Perth Heat – the most successful club in the league – is adopting Bitcoin as its primary monetary unit. That includes shifting its treasury from dollars to Bitcoin, and using it to pay staff. Perth Heat Swallows The Orange Pill The club revealed its plans for Bitcoin adoption in a statement to Bitcoin Magazine earlier today. Apparently,…

Four US Mayors Have Started Flexing Their Bitcoin Paychecks

While China ejects the Bitcoin industry from its borders as fast as possible, certain Western jurisdictions are eagerly inviting them in. Displaying support for Bitcoin, four US mayors have promised to receive a paycheck in Bitcoin during this week alone. This marks the beginning of a fierce political competition to attract crypto businesses to their respective jurisdictions. Mayors Accepting Bitcoin: The Timeline The trend began as recently as Tuesday, when Bitcoin YouTuber Anthony Pompliano released a tweet on the matter.…

Major American Bank and Credit Union Enable Clients to Buy Bitcoin

NAYDIG has formed two more partnerships with traditional financial firms to bring them into the digital asset ecosystem. The fintech service provider has partnered with Q2 to allow clients of two major financial companies to purchase bitcoin. The companies include Five Star Bank and UNIFY Financial Credit Union. Banking With Bitcoin According to a press release from BusinessWire, NAYDIG has been integrated into Q2’s digital banking platform. Q2 is a financial experience company providing banks, credit unions, and fintech companies…

Walmart Allowing Bitcoin Purchases At 200 US Kiosks

Walmart – the largest retailer in the United States – has launched a pilot with Coinstar to allow Bitcoin purchases. The program includes 200 Coinstar kiosks used to exchange U.S. coins for paper bills, gift cards, and BTC. Buy Bitcoin in Walmart As reported by Bloomberg on Thursday, the pilot is part of a larger initiative between Coinstar and Coinme. The latter is the world’s largest cash to crypto exchange with over twenty thousand locations. Per their partnership, Coinstar is…

Miami Mayor Wants to Pay Employees in Bitcoin

In a recent interview with Bloomberg, Miami mayor, Francis Suarez, admitted that he wants to pay government employees in Bitcoin. However, regarding the use of cryptocurrencies, he said: “We have to differentiate ourselves as a crypto capital of the United States or of the world.” Earlier this year, Miami introduced a proposal to allow the city’s authorities to invest in Bitcoin. However, the proposal has been stalling since February because Florida doesn't allow investments in volatile assets. Next, Suarez added:…

Jack Mallers Launches “Pay Me In Bitcoin” Service On Strike

Jack Mallers, CEO of Zap Solutions, has developed a new service to streamline the investment process for Bitcoin HODLers. Strike users of his custodial wallet can now opt to convert some or all of their future income into Bitcoin. Mallers explained how this feature works, as well as what makes it so important to society. Mallers: “Pay Me in Bitcoin” is For Savers Jack Mallers announced Strike’s new feature in a blog post earlier today. As the post reads, users…

El Salvador Officially Makes BTC a Legal Tender As the Crypto World Watches Anxiously  

El Salvador is officially the first country to adopt bitcoin as legal tender. The president, Nayib Bukele, commented that the move would see the majority of its citizens access bank services for the first time. Besides, it will save over $400 million in fees on remittances sent home from overseas. Last year alone, remittances to El Salvador came to close to $600 billion. It represents about 23% of its total gross domestic product. It makes it one of the highest…

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