With the announcement of Pay pal taking Bitcoin, I can’t see it going anywhere but in a positive direction. When it’s going to be so accessible to us all, why not use it?

I’m so excited and happy to see the number of users. This also gives hope to people. There are other ways to get out of debt. They are taking several currencies:

Bitcoin cash
Lite coin

We are delighted and excited to have our group and the world joining in and accepting what we are growing behind closed doors. Compumatrix is an excellent company that will change the world for the better.

Gyft.com is another place taking bitcoin. You can go there and get any gift card you want and pay with bitcoin. That list is growing and growing. You can practically live on bitcoin if you had enough.
With it growing the way it is, we will all be happy with our wallets

Many things have tried to stop the growth, but we keep going. Compumatrix will be an amazing force when it opens. We can change the dark to light and help others to the light.

Paypal is now launching its very own cryptocurrency. Service now will allow people from all over to buy, hold, and sell much digital currency on its sites and applications. The online payments company declared adding crypto is a significant milestone on the path to mainstream adoptions of cryptocurrencies such as bitcoin. Bitcoin holders agreed: Prices have risen 5% on the news Wednesday. The efficiency, speed, and resilience of cryptocurrencies have given people financial inclusion and access advantages, said PayPal President and CEO Dan Schulman. He describes the tremendous eventual shift from physical to digital currencies has been “inevitable.”Cryptocurrency is digital growing money, exchanging without crazy fees but between the two the parties online with no involvement as of yet from traditional banks and with no regular regulatory oversight by national governments.”Our global outreach, digital payments expertise, two-sided networks, and rigorous securities and compliance controls, providing us with a fantastic opportunity. The responsibility, to try to help facilitate the easy understanding, redemption, and interoperability of these new ways of exchange,” Schulman said in a statement. “only time will tell with these currencies.

How it will work

Pay Pal has said its new service will give us the standard abilities to exchange Bitcoin, Bitcoin Cash, Ethereum, and Litecoin cryptocurrencies using its digital wallet, lets people shop online while request and sending money. The company’s US buyers will receive crypto service access in the next coming weeks and beyond. Still, we won’t be able to pay for products and services using cryptocurrency until early 2021. PayPal’s Venmo users and select international consumers won’t have crypto services until some time in the first half of 2021. Investors responded very positively to the news Wednesday, as Pay Pal’s (PYPL) stock price surging following the opening bell before retreating close to where it opened for the day it has been announced. The company’s stock (PayPal) has more than doubled since the beginning of the Covid-19 pandemic in the United States in mid-March.

The epidemic has fueled a booming online payments industry and companies like PayPal, Square (SQ), and Venmo — which is owned by PayPal — because many coronavirus-wary consumers are avoiding the use of physical cash.PayPal isn’t the only major playing company betting on cryptocurrencies. Square spent just at $50 Million to buy more than 4,700 bitcoins earlier this month, which is fantastic. Square Chief Financial Officer Amrita Ahuja has told reporters at the time the truth is that the company believes bitcoin could be more of “more ubiquitous currency in the future.” Time will only tell what happens, but following the trend, it’s going up. And I personally do not see a bottom.

Originally published by Tracy Wight at https://www.compumatrix.ph on November 2, 2020.

Compumatrix is a Decentralized Community and Ecosystem thriving on the Bitshares blockchain. We publish our members’ curated articles and updates here.

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