23rd August 2021 > > BTC as payment.

tl;dr

The number of real-world companies accepting BTC as a payment option continues to grow.

Market Snap

Market Wrap

Oh yes, $50k is breached. Happy days, my friends, happy days.

Curious Cryptos’ Commentary – Technical analysis (TA)

This is courtesy of Azeez Mustapha writing for “inside bitcoins” just yesterday:

“BTC/USD has continued to retest the $50,000 psychological price level but Bitcoin slumps. Today, the BTC price has reached the high of $49,788 but was resisted. The upward moves have been marginal as Bitcoin trades in the overbought region. The upside momentum will continue as long as the $48,000 support holds. The upside momentum will be invalidated if the $48,000 support is breached.”

Curious Cryptos’ Commentary – PayPal UK

PayPal will allow UK customers to access its cryptocurrency services this week, the first rollout outside of the US.

Cryptos available will be BTC, ETH, LTC (Litecoin) and BCH (Bitcoin Cash). Minimum transaction size will be £1. Cryptos bought through the PayPal platform must stay there for now though a withdrawal function is planned for some point in the future.

This development will bring the world of cryptos to a whole new audience and can only exert upward pressure on crypto prices.

Curious Cryptos’ Commentary – BTC as a payment option

Three new companies have announced they will accept BTC as a payment option during 2021.

These companies are US mortgage lender United Wholesale Mortgage, South African property investment firm Quorum Holdings and Canadian jewellery exchange, SafeGold.

The list of companies accepting BTC as payment is getting relatively lengthy, further enhancing the use-case justification of cryptos.