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Bitcoin has passed the $ 25,000 mark, the highest level in history, Reuters reports, according to Agerpres.
The cryptocurrency Bitcoin reached a record high of $ 25,022 on the Bitstamp trading platform on Saturday.
It was trading at $ 8,000 earlier this year, and in the spring, when the coronavirus pandemic broke out, it was down to $ 4,000.
In the fall, the currency appreciated significantly, due to demand from large investors, attracted by the potential for quick profits, and expectations that it will become a basic payment method.
Bitcoin is the most important digital currency, with a market share of almost 70%.
Bitcoin’s appreciation comes after PayPal Holdings Inc. joined the cryptocurrency market in October, allowing customers to buy, sell, and hold bitcoins and other virtual currencies using the online payment processor’s online wallets.
PayPal customers will also be able to use cryptocurrencies to make purchases at 26 million merchants on its network starting next year, the American company said.
PayPal hopes the service will encourage the global use of virtual currencies and prepare its network for new digital currencies that could be developed by central banks and corporations, said Dan Schulman, president and CEO, in an interview.
“We are working with central banks and thinking about all forms of digital currency and how PayPal can play a role in this sector,” explained the head of PayPal.
The San Jose, California-based company has 346 million active accounts globally and processed $ 222 billion in the second quarter of 2020.
Publisher: BP
