The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Market Surges As PayPal Announces Support for Bitcoin, Ethereum, Bitcoin Cash and Litecoin

by Daily Hodl Staff
October 21, 2020
in Altcoins, Bitcoin

The crypto markets are surging Wednesday after payments giant PayPal announced it will launch a long-rumored plan to support cryptocurrency.

The company says users in the US will be able to buy, sell, and store cryptocurrencies on PayPal “in the coming weeks.” Support on Venmo and in additional countries is coming in 2021. Bitcoin, Ethereum, Bitcoin Cash and Litecoin are the first coins that will be supported.

Customers will be able to use those crypto assets as a payment option on the 26 million websites that support PayPal. The cryptocurrencies will be converted to fiat at a fixed price and merchants will continue to receive cash from PayPal.

The New York State Department of Financial Services has granted PayPal a conditional crypto license, and PayPal is partnering with Paxos Trust Company to offer its suite of services.

The announcement triggered a big surge in the crypto markets, with BTC up 7.19% at $12,760 at time of publishing, according to CoinMarketCap.

Ethereum is up 6.64% at $393, and XRP is up 3.51% at $0.2534.

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Larina Marina

Submit a Press Release

Industry Announcements

  • VeraNet Launches Decentralized AI Ecosystem with Community-Controlled Tools and Services
    July 30, 2025
  • Pepescape Crypto Presale Raises $1M as Ethereum Eyes $6K, Community-Owned Exchange Gigacex Unveiled
    July 30, 2025
  • STON.fi Dev Raises $9.5M Series A to Scale DeFi on TON
    July 30, 2025
  • Naoris Protocol Announces Upcoming Token Generation Event for NAORIS
    July 29, 2025
  • Queens Park Rangers and TokenFi Announces New Partnership
    July 29, 2025
  • Shinkai Launches Version 1.0 – On-Chain AI Agents Go Live With USDC and Coinbase x402
    July 29, 2025
  • DeepSnitch Introduces Five Specialized AI Agents As Token Presale Goes Live
    July 29, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$117,806.56
$117,806.56
0.33%
Ethereum
$3,776.86
$3,776.86
0.95%
BNB
$786.02
$786.02
3.41%
Solana
$178.27
$178.27
1.69%
XRP
$3.08
$3.08
0.91%

Spotlight

  • Bank of America Customer Has $219,000 Stolen From Account by Woman Allegedly Using Fictitious Identities: Report
    July 23, 2025
  • Analyst Predicts Rallies for XRP, ADA, DOGE and Two Additional Altcoins Amid $74,500,000,000 Capital Inflows Into Crypto
    July 23, 2025
  • JPMorgan Chase Considering Allowing Clients To Borrow Against Their Crypto Assets: Report
    July 23, 2025
  • Here’s Why ETH Lagged Behind for Years, According to Ethereum Co-Founder Joseph Lubin
    July 23, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl