Cryptocurrency market approached Apple’s $ 2.06 trillion capitalization
The total cryptocurrency market capitalization, according to Spacebitc.com , reached $ 2.01 trillion. More than half of the total volume is Bitcoin capitalization — $ 1.1 trillion. In second place is Ethereum ($ 245 billion). Binance Coin takes the third position with a capitalization of $ 58 billion.
The crypto market approached Apple’s capitalization ($ 2.06 trillion), and exceeded Microsoft’s capitalization ($ 1.82 trillion). This is happening against the backdrop of the acceptance of bitcoin by institutional investors and the use of the digital coin as a means of payment. PayPal allowed users to pay with cryptocurrency. Starting March 30, PayPal customers in the US will be able to use cryptocurrency to pay. Users who hold Bitcoins, Ethereum, Bitcoin Cash and Litecoin on their wallets will be able to convert them to fiat currencies at the time of purchase. In the coming months, the service will become available in all 29 million retail outlets that work with the payment system.
The company called the option with automatic conversion the best for most sellers, since they do not need to worry about the volatility of cryptocurrencies. PayPal will not charge transaction fees and will only allow one cryptocurrency to be used for each individual purchase.
In November 2020, PayPal opened access to cryptocurrencies to US customers. They can buy, hold and sell digital money directly through the service. At the same time, the company announced the ability to pay with cryptocurrency at retail outlets.
«This is the first time that you can seamlessly use cryptocurrency like a credit or debit card in your PayPal wallet,» says leading expert Spacebitc.com
Elon Musk announced the beginning of the sale of Tesla cars for bitcoins
Carmaker Tesla has added bitcoin payment for its products. The head of the company, Elon Musk, announced this on his Twitter account. “You can buy Tesla with Bitcoin,” Musk wrote.
While this payment method is only available to US customers, it will be introduce in other countries later this year.
- “Tesla will not convert Bitcoins received as payment into fiat currency,” Musk said.
Tesla announced its intention to add the ability to pay with cryptocurrency to the US Securities and Exchange Commission (SEC) in early February. The company announced this when it disclosed its $ 1.5 billion investment in bitcoin. The cryptocurrency exchange Spacebitc.com helped the automaker buy the cryptocurrency.