{"id":34563,"date":"2021-01-12T10:30:01","date_gmt":"2021-01-12T08:30:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34563"},"modified":"2025-08-28T21:12:38","modified_gmt":"2025-08-28T18:12:38","slug":"paypal-posts-a-record-242-million-in-cryptocurrency-trading","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/paypal-posts-a-record-242-million-in-cryptocurrency-trading\/","title":{"rendered":"PayPal posts a record $242 million in cryptocurrency trading"},"content":{"rendered":"<p>The payments giant PayPal posted a record $242 million in cryptocurrency trades on its platform. On January 11, users conducted transactions worth $242 million.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Retail has arrived. <a href=\"https:\/\/twitter.com\/PayPal?ref_src=twsrc%5Etfw\">@PayPal<\/a> cleared $242M in crypto sales yesterday. That\u2019s nearly double the previous record. \ud83c\udf10\ud83d\udcf2\u2705 <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&#038;ref_src=twsrc%5Etfw\">#Ethereum<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BullMarket?src=hash&#038;ref_src=twsrc%5Etfw\">#BullMarket<\/a> <a href=\"https:\/\/t.co\/dnoPlADhla\">pic.twitter.com\/dnoPlADhla<\/a><\/p>\n<p>\u2014 Alex Saunders \ud83c\udde6\ud83c\uddfa\ud83d\udc68\u200d\ud83d\udd2c (@AlexSaundersAU) <a href=\"https:\/\/twitter.com\/AlexSaundersAU\/status\/1348806620050935809?ref_src=twsrc%5Etfw\">January 12, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p>&#8220;That\u2019s almost twice the previous record,&#8221; noted Alex Saunders, founder of Nugget\u2019s News.<\/p>\n<\/blockquote>\n<p>Yesterday&#8217;s trading volume on PayPal surpassed the January 6 peak of $129 million. <a href=\"https:\/\/nomics.com\/exchanges\/itbit#chart\" target=\"_blank\" rel=\"noopener noreferrer\">According to Nomics<\/a>, since January 1 the daily trading volume on the ItBit platform has risen by 950%.<\/p>\n<div id=\"attachment_121814\" style=\"width: 1034px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-121814\" class=\"wp-image-121814 size-full\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/4c703dd049ba98a967fda919a38a24a8-full.png\" alt=\"PayPal \u043f\u0440\u043e\u0432\u0435\u043b \u0440\u0435\u043a\u043e\u0440\u0434\u043d\u044b\u0435 $242 \u043c\u043b\u043d \u0432 \u043a\u0440\u0438\u043f\u0442\u043e\u0432\u0430\u043b\u044e\u0442\u043d\u044b\u0445 \u0442\u0440\u0430\u043d\u0437\u0430\u043a\u0446\u0438\u044f\u0445\" width=\"1024\" height=\"492\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/4c703dd049ba98a967fda919a38a24a8-full.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/4c703dd049ba98a967fda919a38a24a8-full-300x144.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/4c703dd049ba98a967fda919a38a24a8-full-768x369.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p id=\"caption-attachment-121814\" class=\"wp-caption-text\">Trading volume on the ItBit platform since January 2021. Source: Nomics.<\/p>\n<\/div>\n<p>In November 2020, PayPal <a href=\"https:\/\/u1f987.com\/en\/news\/paypal-launches-bitcoin-buying-and-selling-for-us-users\">launched<\/a> buy-and-sell bitcoin for US users.<\/p>\n<p>In December, PayPal CEO Dan Schulman <a href=\"https:\/\/u1f987.com\/en\/news\/paypal-ceo-outlines-when-bitcoin-buying-and-selling-will-be-opened-to-all-customers\">said<\/a>, that in the first half of 2021 customers of the payments service would be able to use cryptocurrency to pay for goods and services at 26 million points of sale.<\/p>\n<p>In the same month, Mizuno Bank in the US found that 65% of PayPal <a href=\"https:\/\/u1f987.com\/en\/news\/65-of-paypal-customers-willing-to-use-bitcoin-as-a-payment-method\">customers were willing<\/a> to pay with bitcoin for goods and services, and a fifth of respondents had already tried trading cryptocurrency in the payment service\u2019s app.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The payments giant PayPal posted a record level of cryptocurrency trading on its platform. On January 11, users conducted $242 million in trades.<\/p>\n","protected":false},"author":1,"featured_media":34564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[182],"class_list":["post-34563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-paypal"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34563"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34563\/revisions"}],"predecessor-version":[{"id":34565,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34563\/revisions\/34565"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34564"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}