skip to Main Content

The crypto market just had a great week

This newsletter is a biweekly curation of the wittiest trends from the world of Crypto, Blockchain, and AI. Subscribe here to get it directly in your inbox every Mondays and Fridays — 1PM WAT

Here’s what’s happening…

PayPal joins the crypto world

Fintech PayPal has disclosed its plans of making the option to store and spend bitcoin and a few other digital currencies, available to its customers via its online platform

  • PayPal has just opened up cryptocurrencies to it’s 346 million clients around the world, permitting them to shop with crypto from the 26 million merchants on their network. 
  • This news is quite bullish, as the organization has a practically worldwide inclusion with its user base. In Q2 of 2020, the organization processed up to $222 billion in payments. 
  • The crypto trading facility would be made readily accessible to US users over the coming week. 
  • The services would steadily stretch out to several other countries by 2021. 
  • The option to make payments with crypto will be made available from next year.
  • PayPal plans to expand the service to its P2P payment app Venmo by 2021.

Given the size of PayPal, this move would be a plus for the price of Bitcoin and have a general positive impact on the other crypto that would be operating on the platform.

Crypto-friendly banking platform Cashaa is expanding into Africa

Cashaa, a crypto-friendly banking platform situated in London, has disclosed its arrangements of venturing into Africa, India, the US, and the Caribbean Islands. 

  • The platform aims to zero in on countries that would help make a market that has a potential of adding 100 million clients to its platform within the next couple of years. 
  • Making reference to the political insecurity that is confronted with most African nations, and the fact that a great number of individuals have lost confidence in their local currencies, Cashaa is intending to venture into the African domains by 2021, with assistance in bringing solutions into financial institutions. 
  • By 2021, they intend to explore further into other domains like the Caribbean islands. 
  • As of now, Cashaa is one of the biggest liquidity suppliers and offshore bankers for a large portion of the major crypto exchanges in India. 
  • The platform currently supports its native token, Bitcoin, Ethereum, and Tether.
  • However, they have plans of including other dominating digital currencies including BCH, Litecoin Ripple, and EOS by 2021.

Bitcoin hits a record high rising above $13k

Bitcoin rises above $13k, hitting a 2020 record high. The spike was triggered by news of PayPal launching its support for crypto trading on its platform.

  • As PayPal declared it will allow its users to trade in bitcoin and other digital currencies via the company’s online wallets. 
  • Within 24 hours of this news, Bitcoin and other few selected cryptocurrencies saw an incredible spike. 
  • Bitcoin particularly documented a 10% gain, rising as high as $13k (up by as much as $1k from 24 hours earlier) to record a 2020 record high. 
  • Other cryptocurrencies supported by the platform also saw a major boost. 
  • Ethereum recorded an 8% gain. 
  • BCH went up by 9%. 
  • While the price of LTC spiked by as much as 15%. 

Bitcoin is on another bull run as its price rallied above $13k for the first time since July.

Did you enjoy our curation?
Don’t forget to subscribe to Decentralize Brief newsletter
Follow Decentralize Africa on Twitter and Facebook as we keep you abreast with the latest tech trends.

Have a lovely weekend!

Latest Articles
Subscribe To Our Newsletter

Don't get left out of the loop, make sure you subscribe to our newsletter below so you can be notified of our latest insights, tips, tutorials, sales and more!


This Post Has 0 Comments

Leave a comment:

Back To Top
%d bloggers like this: