What is the exchange rate of USD (US Dollar) / JPY (Japanese Yen) on Wednesday June 24, 2020

What is the exchange rate of USD (US Dollar) / JPY (Japanese Yen) on Wednesday June 24, 2020

USD JPY exchange rate

Get the current mid-market rate for USD (US Dollar) / JPY (Japanese Yen) for Wednesday June 24, 2020 right here.

The latest rates for USD (US Dollar) / JPY (Japanese Yen) are available below. As a leading finance news site the team at Born2Invest collates and analyses the latest forex market data to bring you live information to help you make the best forex trading decisions every day.

Wednesday June 24, 2020 1 USD (US Dollar) is 106.758012 of JPY (Japanese Yen) .

Remember to always trade using a reputable broker. It’s also possible to apply many forex concepts to cryptocurrency trading.

Forex trading is inherently risky and there are countless forex pairs to choose from. The only way to make a profit from forex trading is to understand how the market works. Luckily for you the Born2Invest forex team has collated some forex trading tips to get you started.

Forex trades are always made using currency pairs. Whenever you buy one currency you are selling another. In every pair there is a base currency, for example USD (US Dollar) and a quote currency, which would be JPY (Japanese Yen).

The price of a currency pair represents the amount of quote currency, or JPY (Japanese Yen), that you will need to spend in order to purchase a single unit of USD (US Dollar), the base currency. So using the current example you would need to spend 106.758012 of JPY (Japanese Yen) in order to purchase 1 USD (US Dollar).

Forex pairs fall into three categories; the majors, the commodity currencies, and the cross currencies:

  • Major currencies represent the most commonly traded currencies on the market. Different brokers will use different criteria, but almost all lists will include EUR/USD, USD/JPY, GBP/USD, and USD/CHF
  • Commodity currencies are currency pairs whose price is closely tied to commodities such as oil, iron ore, and coal. Commonly cited examples are AUD/USD and USD/CAD
  • Cross currencies are all currency pairs that don’t include USD. Examples include EUR/GBP and EUR/JPY.
  • Cryptocurrency trading shares many similarities to forex trading. Specifically the concepts of currency pairs and high price volatility. That being said there are some key differences. Cryptocurrencies don’t operate like fiat currency and many are tied to a project or product. The crypto market is also highly unregulated, which makes it inherently risky compared to trading forex.

    Additionally most cryptocurrency trades happen on exchanges. These are generally unregulated and come with a certain degree of risk that many investors would find unacceptable. One alternative is to trade using a CFD broker which allows crypto pairings, but this means you will not directly own and cryptocurrency you buy.

    Source: born2invest.com


    21Shares Lists Its Key ETPs in GBP to Further Widen Market Participation

    21Shares Lists Its Key ETPs in GBP to Further Widen Market Participation

    Under strict embargo until 24 June 2020 at 08:30 CET

    24 June 2020  Zurich | London  – 21Shares AG, the leading issuer of crypto ETPs is officially listing its 21Shares Bitcoin ETP (ISIN: CH0454664001 – BBG: ABTC SW), 21Shares Ethereum (ISIN CH0454664027 BBG: AETH SW) and signature crypto basket index HODL (ISIN CH0445689208 , BBG HODL SW) in GBP on the Swiss SIX Exchange on June 30th 2020. According to senior management, the “reducing FX conversion costs by listing in key European currencies is an additional item of its strategy to widen market participation”.

    The Bitcoin ETP (ABTC) has now been listed and trading for over 18 months which has helped lead the market in gaining institutional acceptance for investing easily and securely into digital assets using conventional brokers. It was the first to list on a regulated stock exchange, the SIX Swiss Exchange and benefits from a cost-effective annual management fee of 1.49% which makes it one of the cheapest crypto ETPs on the market. According to client feedback, expanding market participation further, specifically amongst UK-based investors, required a listing in local currency. This removes the cost of high and unpleasant FX conversion fees, as well as access restriction limitations where brokers cannot settle in foreign currency in domestic markets.

    Laurent Kssis, Managing Director, 21Shares AG said: “Expanding market participation is one of our core focuses. As we already list our crypto ETPs in USD, CHF and EUR, it was only natural to add GBP. This opens up our institutional-grade crypto ETPs to all UK investors with access and connectivity to the SIX Swiss Exchange.”
    Charlie Morris, Chairman of UK based Bytetree said: “We are excited by the news of a GBP listing for 21Shares successful crypto ETPs. This will give UK clients more choice by which they can access this emerging asset class with the reassurance of doing so via a regulated European exchange, which is a key factor raised by many institutional investors like us!”

    The GBP listings come at a time where demand by UK investors is accelerating. Investors have indicated that engineering crypto products in a structure that they are familiar with (i.e. ETP) is a key factor when allocation 1-2% of their portfolios in alternative assets classes.

    There is an array of products available for institutional investors to purchase Bitcoin. Exchange Traded Products are ideally suited for investors looking for security and cost-effective access compared to other available structures due to its most prominent characteristics being fully collaterised, quoted by independent market makers, and offer full creation/redemption mechanism at the prevailing NAV price.It makes them ideal for larger ticket sizes and removes price premiums, which are a critical shortcoming in the industry.

    21Shares was also honored in May 2020 as the winner of the ADVFN International Financial Awards 2020 for ‘“Most Innovative Crypto Product” which recognized and celebrated the best breed of crypto issuers from across the global financial industry.

    About 21Shares 21Shares makes investing in crypto assets as easy as buying shares using your conventional broker or bank. Investors can invest in cryptocurrencies using a conventional ETP structure (or tracker) easily, with total confidence and security, cost effectively thanks to the 21Shares suite of ETPs launched by 21Shares and now composed of 11 Crypto ETPs : the 21Shares Crypto Basket Index ETP (HODL:SW), 21Shares Bitcoin (ABTC:SW), 21Shares Ethereum (AETH:SW), 21Shares XRP (AXRP:SW), 21Shares Bitcoin Cash ETP (ABCH:SW), 21Shares Binance ETP (ABNB:SW), 21Shares Tezos ETP (AXTZ:SW), 21shares Bitcoin Suisse ETP (ABBA:SW), 21Shares Bitwise 10 ETP (KEYS:SW), Sygnum Platform Winners Index ETP (MOON:SW) and 21Shares Short Bitcoin ETP (SBTC:SW). The entire suite is listed on a regulated framework on the official market of SIX Swiss Exchange, BX Swiss and some on Boerse Stuttgart in CHF, USD and EUR respectively. Founded in 2018, 21Shares is led by a team of talented serial entrepreneurs and experienced banking professionals from the technology and financial world. Incorporated in Zug, with offices in Zurich, Berlin and New York, the company has launched several world firsts, including the first listed crypto index (HODL) in November 2018. 21Shares has 11 crypto ETPs listed today and has over $60 million in AuM in total listed.

    Press Contact 21Shares Laurent Kssis +41 44 260 8660  [email protected]

    Disclaimer This document and the information contained herein are not for distribution in or into (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful. This document does not constitute an offer of securities for sale in or into the United States, Canada, Australia or Japan.This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. The securities of 21Shares AG to which these materials relate have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will not be a public offering of securities in the United States.This document is only being distributed to and is only directed at: (i) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”); or (iv) persons who fall within Article 43(2) of the Order, including existing members and creditors of the Company or (v) any other persons to whom this document can be lawfully distributed in circumstances where section 21(1) of the FSMA does not apply. The Securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. In any EEA Member State (other than the Austria, Belgium, Denmark, Finland, France, Germany, Great Britain, Ireland, Italy, Luxembourg, Malta, the Netherlands, Norway, Spain and Sweden) that has implemented the Prospectus Regulation (EU) 2017/1129, together with any applicable implementing measures in any Member State, the “Prospectus Regulation”) this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation. Exclusively for potential investors in Austria, Belgium, Denmark, Finland, France, Germany, Great Britain, Ireland, Italy, Luxembourg, Malta, the Netherlands, Norway, Spain and Sweden the 2019 Base Prospectus (EU) is made available on the Issuer’s website under www.21Shares.com. The approval of the 2019 Base Prospectus (EU) should not be understood as an endorsement by the SFSA of the securities offered or admitted to trading on a regulated market. Eligible potential investors should read the 2019 Base Prospectus (EU) and the relevant Final Terms before making an investment decision in order to understand the potential risks associated with the decision to invest in the securities. You are about to purchase a product that is not simple and may be difficult to understand. This document is not an offer to sell or a solicitation of an offer to buy or subscribe for securities of 21Shares AG. Neither this document nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction.This document constitutes advertisement within the meaning of the Swiss Financial Services Act (the “FinSA”) and not a prospectus. In accordance with article 109 of the Swiss Financial Services Ordinance, the Base Prospectus dated 13 November 2019, as supplemented from time to time (the “Base Prospectus”) and the final terms for SBTC dated 22 January 2020 (the “Final Terms”, and together with the Base Prospectus, the “Prospectus”) have been prepared in compliance with articles 652a and 1156 of the Swiss Code of Obligations, as such  articles were in effect immediately prior to the entry into effect of the FinSA, and the Listing Rules of the SIX Swiss Exchange in their version in force as of January 1, 2020. Consequently, the Prospectus has not been and will not be reviewed or approved by a Swiss review body pursuant to article 51 of the FinSA, and does not comply with the disclosure requirements applicable to a prospectus approved by such a review body under the FinSA. Copies of the Prospectus are available free of charge from the website of the Issuer. Subject to applicable securities laws, the Base Prospectus and the final terms of any product mentioned herein can be obtained from 21Shares AG on the website. Copies of this document may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which this is barred or prohibited by law. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, in any jurisdiction in which such offer or solicitation would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction.

    Zug, SWITZERLAND

    21shares-logo-onyx-gold-white-background.png

    Formats available:

    Source: www.globenewswire.com

    Author: 21Shares


    Gold Backed Digital currency launched in UAE for GCC

    Gold Backed Digital currency launched in UAE for GCC

    IBMC Financial Professionals Group, an internationally recognized financial services institution and business consultants, has joined hands with US Gold Currency Inc and Blockfills to bring the world’s first monetary gold-backed digital gold currency to India. The currency is also being simultaneously introduced in the Gulf Cooperation Council (GCC), Middle East and Africa.

    For this, IBMC, which has presence in India, has partnered exclusively with US Gold Currency Inc, the issuer of the US Gold digital currency, and Blockfills, the transaction platform provider. Each US Gold digital currency is backed by US American Eagle one ounce (33.931 gram) gold coin, minted by US Federal Agency, US Mint. The holders of the currency can redeem their digital assets as physical gold coin or in US dollars anywhere in the world.

    IBMC is introducing the digital asset to customers ranging from retail and corporate investors, banks, financial institutions and sovereign wealth funds to treasuries and asset management companies.

    The US Gold digital currency was launched on June 22 from Dubai at a specially designed IBMC Hybrid Event by H.E. Sheikh Khalid Bin Ahmed Al Hamed, Chairman of IBMC Financial Professionals Group and Mr Sajith Kumar PK, CEO & Managing Director of  IBMC Financial Professionals Group, with the virtual presence of officials from the US Gold Currency, Asia-Africa Development Council, GSEF and Blockfills USA.

    “We have seen significant demand for gold and USG is an innovative and unique digital currency backed by the American Eagle one ounce gold coin. Today’s global economic climate has further increased that demand at the institutional and retail levels. We are very happy to join hands with US Gold Currency and Blockfills in bringing the world’s first monetary gold-backed digital gold asset to India in addition to the GCC, Middle East and African markets,” said Sheikh Khalid Bin Ahmed Al Hamed.

    Consumers and businesses benefit from a secure digital asset token that is not subject to the volatile swings of the markets, and from the opportunity to easily exchange their digital currency into a tangible asset, monetary gold coins produced by the US Mint. A customer can login with a secured user ID and password on the trading platform for buying and redeeming the coins. With the launch of the digital gold currency, investors in India will have the significant opportunity to reduce the cost of their transactions as well as have the flexibility of time for making payments.

    “Tackling the adverse economic effects of the COVID-19 pandemic, the launch of the Digital Gold Currency will enable companies in developing countries settle their inter-company transactions without paying extortionate fees,” said Dr. Abdul Dewale Mohammed, Deputy Director General, Asia-Africa Development Council. “As a vital transport currency, it will to a large extent help reduce and eliminate risks in business,” he added.

    Larry Debry, Director US Gold Currency, said:  “We are honored to be working with the leaders of IBMC and their esteemed team of professionals. Gold has been one of the most significant legacy asset classes throughout history. Just as everyone has written gold off, saying it is outdated and no longer relevant, US Gold Currency created the USG forming a futuristic and modern gold asset class for the 21st Century by marrying monetary gold with the Blockchain. USG is the ‘real’ digital gold.”

    Each USGold token (USG) is backed 1:1 with an underlying physical gold coin, the US American Eagle, which is created and distributed by the US Mint. Therefore, USG token holders can redeem their tokens physically for gold coins, should they choose to forego the digital asset in their wallet.  Token holders can also sell the USG on the open market through various digital asset exchanges or through Blockfills in exchange for US Dollars. USG can also be converted into several other digital assets, including BTC, ETH, USDT and more.

    The US government division, the US Mint, sets the price of the underlying physical gold coin once per week, on Wednesdays. USG pricing follows this publicly available government set price.

    “IBMC Financial Professionals Group is always committed to introducing innovative and credible services to the investing public. USG is easy to handle without customs barriers, easy to hold without any country restrictions, paying insurance cost or storage charges. USG is US regulated and fully online with easy account opening and operating procedures, enabling customers to avail all services of USG from their homes or office, which of course is an added advantage in the current and post COVID-19 pandemic period,” said Mr. Sajith Kumar PK, CEO & Managing Director, IBMC Financial Professionals Group.

    “The professional team of US Gold Currency, IBMC Group and Blockfills will pave the strong network and base of the innovative digital asset ecosystem and fiat pairings to generations,” added Mr. Sajith Kumar.

    Blockfills, a global leader in liquidity provision of digital assets for professionals and institutions and leading institutional market makers, provide liquidity for the USG Digital Gold Currency.

    USG is backed by US Monetary Gold Coin and ensures true value currency. All classes of investors, including exchanges, treasuries, banks, financial institutions, corporates, HNIs and retail investors are permitted to invest in USG. USG, the Blockchain Security Verified Currency by the authority, CertiK, USA partnering with IBM and Ethereum Foundation, will also ensure the credibility and security of USG.

    “IBMC Financial Professionals, having strong market presence in GCC, Middle East, India and Africa, is ready to place USG to customers through the IBMC Global Network. IBMC’s market reach and network will ensure adequate support and services to our global retail and institutional customers,” said Mr. Anoop PS, CBO and Executive Director, IBMC Financial Professionals Group.

    “Bringing the USG Digital Asset Currency to the public markets is a result of the great partnership that we have with US Gold Currency and IBMC. Over the past year, we experienced a growing demand for gold as a digital asset. Today’s global economic climate has further increased that demand. We look forward to building a thriving business through our valued partnership with IBMC and US Gold,” said Mike Pearson, Senior Vice President, BlockFills, USA.

    The IBMC Hybrid event was virtually attended by Mr. Mark Bensen, Founder, US Gold Currency, USA, Mr. Lawrence S Debry, Principal, US Gold Currency, USA, Dr. Abdul Dewale Mohammed, Deputy Director General, Asia-Africa Development Council, Executive Chairman ASGON, GSEF, UK, a Signatory to United Nations Global Compact, Mr. Mike Pearson, Vice President, Blockfills, USA, and Mr. Anoop PS, CBO & ED, IBMC Financial Professionals Group.

    Source: www.unlock-bc.com

    Author: Source: IBMC financials press release


    Apex Crypto News - Buy Stablecoins With Your Credit Card in Lumi Wallet

    Apex Crypto News – Buy Stablecoins With Your Credit Card in Lumi Wallet

    Spacex Bitcoin Scam Features BTC Giveaway, Elon Musk, and NASA Launch

    Bitcoin-Friendly Top US Banking Regulator Aims to Solve Banks' Problems With Decentralization

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    Wilshire Phoenix Files Publicly-Traded Bitcoin Trust to Challenge Grayscale’s $3.4 Billion Dominance

    5 Chinese Banks Say Legal Crypto Traders' Accounts Will Not Be Frozen as Police Widen Crackdown

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    Bitcoin 101: How to Send and Receive Bitcoin Cash Via the Bitcoin.com Wallet

    Crypto 101: How to Send and Receive Bitcoin Cash Via the Bitcoin.com Wallet

    Satoshi Nakamoto Candidate Paul Le Roux to Start Bitcoin Mining Business After Prison Time

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    Bitcoin Whale Population Spikes to 1,882 - Highest Level in Three Years

    Bitcoin Whale Population Spikes to 1,882 – Highest Level in Three Years

    Limitless Bailouts: US Federal Reserve Announces Billion-Dollar Corporate Bond Purchase Program

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    Will India Ban Crypto? 5 Exchange Executives Shed Light on the Truth

    Will India Ban Crypto? 5 Exchange Executives Shed Light on the Truth

    CFTC Chairman: US Must Lead the World in Crypto With Less Restrictive Rules

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    Fed Chair Warns of 'Unsustainable' Budget as US National Debt Crosses $26 Trillion

    Fed Chair Powell Warns of ‘Unsustainable’ Budget as US National Debt Crosses $26 Trillion

    IRS Tells Couple With $7 Million in Bitcoin to Liquidate Crypto Assets and Pay off Tax Debt

    IRS Tells Couple With $7 Million in Bitcoin to Liquidate Crypto Assets and Pay off Tax Debt

    Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China

    Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China

    Wisdomtree Files ETF With 5% Bitcoin Exposure Amid SEC Resistance

    Wisdomtree Files ETF With 5% Bitcoin Exposure Amid SEC Resistance

    Trump Told Treasury Secretary Mnuchin to 'Go After Bitcoin' - Former National Security Advisor John Bolton Says

    Trump Told Treasury Secretary Mnuchin to ‘Go After Bitcoin’ – Former National Security Advisor John Bolton Says

    Singapore-Based Carpooling Platform Ryde Plans to Support Bitcoin Payments

    Economist Predicts Dollar Crash Imminent

    Dollar Crash Imminent, Former Morgan Stanley Chief Economist Stephen Roach Predicts

    Analysts Say Bitcoin Breakout Imminent: Silver-like Suppression, $5 Trillion in Cash Could Flow Into BTC

    Analysts Say Bitcoin Breakout Imminent: Silver-like Suppression, $5 Trillion in Cash Could Flow Into BTC

    Crypto Card Issuer Wirecard Missing $2.1 Billion Cash, Company Shares Plunge 62%

    Crypto Card Issuer Wirecard Missing $2.1 Billion Cash, Company Shares Plunge 62%

    Bitcoin Games Launches Midsummer Promotion as Sweden Looks Toward Launching its Own Digital Currency

    Bitcoin Games Launches Midsummer Promotion as Sweden Looks Toward Launching its Own Digital Currency

    How Bitcoin of America’s Robust Compliance Program Made Possible the Restitution of Half a Million Dollars to Fraud Victims

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    Bitcoin Whale Transfers $2.2 Billion Worth of BTC for Just $7

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    Bitcoin.com Exchange Announces Listing of New Digital Asset BUY by Burency

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    Bitcoin's Rise Driven by Institutional Trading, Says Research and Investor Sentiment

    Bitcoin’s Rise Driven by Institutional Trading, Says Research and Investor Sentiment

    Ernst & Young Launches Application to Help US Crypto Investors With Tax Filings

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    Akon City: $6 Billion Cryptocurrency City Set to Begin Construction

    Akon City: $6 Billion Cryptocurrency City Set to Begin Construction

    Meet Mistcoin - The First Mineable SLP Token Implementation Launched on Bitcoin Cash

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    Breaking Bitcoin: Crypto Proponents Discuss Honeywell's 6 Qubit Quantum Computer

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    Wirecard CEO Quits as Crypto Card Firm Reveals Missing $2.1 Billion Does Not Exist

    Wirecard CEO Quits as Crypto Card Firm Reveals Missing $2.1 Billion Does Not Exist

    New Zealand Police Seize $91 Million From Russian Bitcoin Exchange Operator

    New Zealand Police Seize $91 Million From Russian Bitcoin Exchange Operator

    Satoshi Nakamoto Kidnapped, Tortured by NSA to Destroy Crypto in New Movie ‘Decrypted’

    Hundreds of Sites Now Earn Crypto Trading Fees: Exchange WordPress Plugin Sees 300 Active Installs

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    Jay Clayton Leaves SEC: Crypto Industry Hopeful for Bitcoin ETF Approval

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    Elon Musk Bitcoin Giveaway Scam Rakes in Millions of Dollars in BTC

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    Only 3.5 Million Bitcoin Is Traded Worldwide; Majority of BTC Held Long-Term as Digital Gold, Says Chainalysis

    Only 3.5 Million Bitcoin Is Traded Worldwide; Majority of BTC Held Long-Term as Digital Gold

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    7-Eleven, CVS, Rite Aid: Libertyx Adds 20,000 Stores to Buy Bitcoin With Cash

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    Simple Ledger Protocol Universe Is Thriving: Lottery, Mint, ATMs, Over 8,500 SLP Tokens Created

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    Source: apexcryptonews.com


    Why the PayPal and Venmo Bitcoin Report is Much Bigger Than You Realize

    Why the PayPal and Venmo Bitcoin Report is Much Bigger Than You Realize

    Rumors that PayPal and Venmo are poised to offer direct sales of Bitcoin, and other cryptocurrencies, made headlines yesterday.

    There has been no official confirmation from PayPal yet. But the news coming from several different sources, in conjunction with a recruitment drive for blockchain engineers, have heightened expectations.

    A look at the peer-to-peer payment space sees intensifying competition. Firms like Cash App, Circle Pay, Wirex, Robinhood, and Revolut, are all competing for similar markets. All of those listed provide crypto on/off boarding.

    Taking that into account, it seems fiscally irresponsible for PayPal not to incorporate cryptocurrency within its business model.

    What’s more, should these rumors come to fruition, it would represent a stunning 180-degree turn for the company.

    Not so long ago, former PayPal CEO, Bill Harris was less than complimentary towards Bitcoin. He labeled it as “the greatest scam in history,” while claiming that it’s simply a mechanism to transfer wealth from the ill-informed to internet scammers.

    2018 – PayPal CEO claims that Bitcoin is a scam
    2020 – PayPal and Venmo to offer #Bitcoin purchases

    Never listen to what people say – see what they dohttps://t.co/Zb3DYgyBvl

    — Ivan on Tech (@IvanOnTech) June 23, 2020

    However, as is often the case, the competition has forced the market leader to reconsider its position. With that in mind, despite the smear campaign set upon it, cryptocurrency is demonstrating evidence of its inevitability.

    The road to mass adoption, which is needed for a trillion-dollar market cap, has been long and painful. But the possibility of fintech giant, PayPal offering direct sales of Bitcoin, and other cryptocurrencies, represents a huge boost in that respect.

    PayPal was one of the first electronic payment platforms, and as of Q1 2020 had 325 million active users, and a 17% year on year growth.

    Is Bitcoin mass adoption incoming via PayPal?

    Active PayPal accounts graph from Statista

    PayPal owned Venmo is no slouch either. According to Ryze Research, it has 50 million active users, which is a figure on par with banking giant JP Morgan Chase.

    Between them, this makes up a potential pool of 375 million users buying and selling cryptocurrency. Crunching the numbers, crypto Youtuber @TheCryptoLark commented that this puts a whole new spin on the Bitcoin scarcity argument.

    Is Bitcoin about to be in short supply?

    However, what remains unclear at this time is how PayPal and Venmo could in tandem incorporate Bitcoin and cryptocurrency within their respective business strategies.

    As pointed out by Ryze Research, Venmo is primarily used by consumers as a peer-to-peer app. While PayPal is used for remittances and eCommerce. The incorporation of cryptocurrency on both platforms would muddy these distinct business models.

    Ryze Research believes bringing cryptocurrency to both platforms would simply enhance their existing strategies.

    “Though initial functionality will just be buys and sells, Bitcoin could augment all three consumer use cases for both PayPal and Venmo.”

    While the likes of Cash App etc. are snapping at the heels of PayPal, PayPal still dwarfs the competition in terms of revenue.

    Last year, PayPal turned over $17.7 billion, up 15% from 2018’s $15.45 billion revenue. More importantly, it has experienced year on year growth since its inception in 2010.

    Compared to Cash App’s revenue of $1.11 billion in 2019, of which $589 million came from Bitcoin sales, it’s clear that PayPal dominants the e-payment sector.

    And while the move has yet to be officially confirmed, PayPal executives cannot continue to ignore Bitcoin if they want to remain on top.

    Source: cryptomoneyteam.co

    Author: By TeamMMG


    Blockchain Surges Forward

    Blockchain Surges Forward

    
    

    Crypto’s Upward Trend

    Poised for Growth

    “We are incredibly excited to expand our current portfolio and move into what we believe is a sector poised for strong technological and financial growth,” stated ISW Holdings president and chairman Alonzo Pierce. “This new joint-venture agreement enables us to collaborate with the experienced team at Bit5ive to innovate the infrastructure needed to run profitable, efficient crypto mining projects, and to take advantage of the incredible growth projected for the crypto market.”

    Ideal Partnerships Drive Profitability

    “We have achieved considerable growth and hit several major milestones in the last three years, consistently growing our staff and honing our expertise along the way,” said Bit5ive CEO Robert Collazo. “It is important that we continue innovating and be over par with industry demand from every aspect.”

    Bright Forecast for Crypto

    View original content:http://www.prnewswire.com/news-releases/blockchain-surges-forward-301083418.html

    COMTEX_367363707/2454/2020-06-25T08:30:16

    Is there a problem with this press release? Contact the source provider Comtex at [email protected] You can also contact MarketWatch Customer Service via our Customer Center.

    Source: www.marketwatch.com


    What is the exchange rate of USD (US Dollar) / JPY (Japanese Yen) on Wednesday June 24, 2020


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