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Let’s start with recent news in such a short sqeeze day. PayPal is saying that it will start using cryptocurrency once it’s stabilized. ****
PayPal CFO John Rainey told CNBC that they don’t see much interest in cryptocurrencies due to volatility threatening the viability of their merchants’ businesses. However, he did not rule out that the payment giant will support crypto in the future.
Rainey said in his interview, “Right now, we don’t see a lot of interest from our merchants. But if it’s something that stabilizes in the future and is a better currency, then we’ll certainly support that.”
According to the CFO, “If you’re a merchant and you have, let’s say, a 10% margin on a product that you sell and you accept Bitcoin, for example, and the very next day it moves 15%, you’re now underwater on that transaction… You could have something that appeals to consumers, but if merchants don’t accept it, it’s of little value”.
**** Also, something about ripple: American actor and venture capitalist Ashton Kutcher teamed up with San Francisco-based cryptocurrency firm Ripple to surprise daytime talk show host Ellen DeGeneres with a late birthday present: a $4 million donation to the Ellen DeGeneres WOn yesterday’s report, CCN emphasized that if the bitcoin price falls below the $8,200 resistance level once again, a reentry into the $7,000 region is inevitable. Over the past 24 hours, the bitcoin price dropped by around 4 percent from $8,300 to $7,850.ildlife Fund, paid out in XRP.
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