The price of Bitcoin has recovered again in recent days and just hit the $ 50,000 psychological mark again. This figure, which we have not seen since last May when it peaked giving way to notable falls, coincides with the expansion of PayPal’s cryptocurrency buying and selling service to the United Kingdom.
The payment platform, which also allows you to store these digital currencies, inaugurated this service in the United States last March and will deploy it throughout this week in this European country. It is, therefore, its first international expansion. PayPal users will be able to use bitcoins, ethereums, litecoins and Bitcoin Cash.
Bitcoin’s recovery of $ 50,000 coincides with the expansion of PayPal’s cryptocurrency buying and selling service to the United Kingdom
How to buy Bitcoins safely and without risk
Cryptocurrencies and their transactions continue to grow
From PayPal they believe that Its entry into this market can encourage its users and others, by the trust it provides to the brand, to explore the world of cryptocurrencies. They even point out at your communicator it has the potential to become mainstream in the United Kingdom the access, knowledge and exploration of these assets in the country.
The cryptocurrency market has grown enormously thanks, to a large extent, to emerging countries
Nonetheless, the cryptocurrency market has grown tremendously in the first six months of 2021, with an increase in virtual currency transactions of 881%, and the increase has not occurred precisely in economic powers such as the British. Much of this growth has occurred in emerging countries in Asia and Africa. In the West, as for example in the United States, the exchange of digital currencies has stagnated.
In any case, thanks to the increase in the price of Bitcoin, it is once again close to a market capitalization of over a trillion dollars. And other currencies, as often happens, accompany the recovery. As Ethereum shows, which is over $ 3,000.