PayPal Reported to Have Partnered with Paxos for Crypto Services – July 20

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $9,152

Bitcoin price has kicked off yet another week ranging in the low $9,000s, with volatility continuing to disappear.

Top-20 altcoins have had a quiet 24 hours of trading, as Ethereum gains just over 1%, XRP remains unchanged, and the largest mover is VeChain with a 6% fall.

Top Stories for July 20, 2020 πŸ”₯

πŸ‘‰ PayPal Reported to Have Partnered with Paxos for Crypto Services

PayPal has been reported to be the latest payments company to partner with Paxos Crypto Brokerage, in an effort to launch its cryptocurrency services.

The news has been relayed by two sources, with one of the sources stating that the partnership may be confirmed within the week.

Paxos’ cryptocurrency brokerage business was launched last week, taking on Revolut’s US division as its very first client.

πŸ‘‰ Bank of Japan Sets Up New Digital Currency Research Team

Japan’s central bank, the Bank of Japan, has been reported to have set up a new dedicated team under its payments and settlements division to research digital currencies.

The assembly of the new team has come just days following news that the Japanese government is now seriously considering creating its own central bank digital currency.

πŸ‘‰ Mastercard Looks to Expand Cryptocurrency Card Program

Mastercard has simplified access to its “Accelerate” cryptocurrency card program, in an effort to expand its clientele.

The Accelerate program is designed to support partners with growing their payments business and assisted with integrating Mastercard’s technology.