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The Bitcoin rush is far from over, and with new companies and financial candidates taking their place on the Blockchain, the revolution might not stop until the decentralized economy is as convenient and common as the centralized fiat money. PayPal’s CEO, Dan Schulman, did unveil a new service in the PayPal app that goes like “checkout with crypto.” This means that the 375 million PayPal users would be able to buy and store cryptocurrency directly in their PayPal accounts and who knows that after some time, the crypto trading might become a thing with PayPal as, at present, Bitcoin can be bought and kept in PayPal account.
This might not come out as a surprise due to the current institutionalization of Bitcoin that is taking place that PayPal is not the only candidate in the race of adopting Blockchain and allowing its users to reap all the benefits. MicroStrategy has also been doing the same, and way before PayPal or any other financial institution ever dreamt of joining hands with cryptocurrency.
MicroStrategy is something of a pioneer when it comes to adopting cryptocurrency, as it did back in the day by buying a lot of Bitcoin. At the present moment, MicroStrategy did make Bitcoin a part of its balance sheets as all the board members at MicroStrategy, which are 5, to be exact, will be paid with Bitcoin. This gets us one step closer to closing the deal with cryptocurrency forever and accepting it with open minds and arms over centralized finance.
Crypto Adoption on the Rise
Walmart, the overachieved e-commerce chain in the USA, has been thinking about instating the ledger-based technology into their platform for the sake of fraud prevention and tracking their supply chain. Blockchain technology dearly provides everything a business-oriented enterprise could ever want. The fortress of security really makes those financial enterprises want more and more of the decentralized ledger technology. It is not that far when cryptocurrency would have dominated or been soaring alongside the fiat money, producing people with a choice, whichever one they want to fly with, and the obvious choice would be the decentralized technology; this financial adoption is merely a beginning.