PayPal Announces Crypto Buying, Selling and Shopping – October 21

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $12,365

Bitcoin price has continued its strong rally over the last day of trading, smashing through the $12,000 mark for the first time since the very first day of September.

Top-20 altcoins are still having mixed reactions, as Ethereum and XRP gain 1% each, Tron rises 5%, and Coin falls 5%.

Top Stories for October 21, 2020 πŸ”₯

πŸ‘‰ PayPal Announces Crypto Buying, Selling and Shopping

Payments giant PayPal has announced today that it will be enabling its users to buy, sell and shop using cryptocurrency.

US users will be the first to receive access to the cryptocurrency services, with expansion into other countries and their Venmo service in 2021.

PayPal hope that the service will assist customers in getting used to virtual currencies, in preparation for new currencies such as those developed by central banks.

πŸ‘‰ BitMEX Accelerates KYC Program Following AML-Related Charges

BitMEX has moved to speed up its know-your-customer (KYC) program, just weeks after charged by the US government for violations related to anti-money laundering laws.

Customers now must verify their identities before November 5th, a full quarter of a year earlier than the original deadline for February 2021.

πŸ‘‰ The Bahamas Officially Launch Central Bank Digital Currency

The Bahamas have officially launched their central bank digital currency (CBDC), the “Sand Dollar”, making it one of the first countries to launch a CBDC.

The currency is a digital version of their Bahamian Dollar and will be used for domestic transactions. Citizens can now set up accounts and begin transacting in the Sand Dollar, with six financial institutions authorized for the project.