PayPal Now Allows Users To Spend Crypto At Millions Of Merchants – March 31

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $57,966

Bitcoin price traded in a tight range for most of the last 24 hours, followed by a swift rejection from the $59,800 mark.

Top-20 altcoins have seen mixed performance, as Ethereum remains unchanged, XRP falls 4% and Filecoin sees a 23% jump.

Top Stories for March 31, 2021 πŸ”₯

πŸ‘‰ PayPal Now Allows Users To Spend Crypto At Millions Of Merchants

Payments giant PayPal has begun to allow US users to pay millions of merchants in cryptocurrency, with no transaction fees.

It is worth clarifying that the merchants themselves do not actually receive cryptocurrency as payment – instead, the crypto is converted to fiat currency at the moment of purchase.

The feature is planned to be rolled out to non-US users in the coming months, with access to 29 million global merchants.

πŸ‘‰ Michael Jordan Participates in $305M Dapper Labs Funding Round

Michael Jordan, Kevin Durant and others have participated in Dapper Labs’ latest round of funding, which totaled $305 million.

Dapper Labs has stated that the platform intends to add further digital collectibles through Warner Media Group, Ultimate Fighting Championship (UFC) and more.

πŸ‘‰ “Assurance Opinion” States Tether Is Fully Backed

Tether has shared an “assurance opinion” from accounting network Moore Cayman, which states that the stablecoin company’s reserves fully back its USDT tokens.

The report states that the reserves exceed the required amount to redeem all USDT tokens, which have a current circulating supply of $35.2 billion.