Payment giant PayPal has recorded a record cryptocurrency trading volume on the platform. On January 11, users conducted transactions for $ 242 million.
Retail has arrived. @PayPal cleared $242M in crypto sales yesterday. That’s nearly double the previous record. #Bitcoin #Ethereum #BullMarket pic.twitter.com/dnoPlADhla
— Alex Saunders (@AlexSaundersAU) January 12, 2021
“This is almost double the previous record,” said Alex Saunders, founder of Nugget’s News.
Yesterday’s PayPal trading volume surpassed the January 6 high of $ 129 million. According to Nomics, since January 1, the daily trading volume on the platform ItBit increased by 950%.
Trading volume on the itBit platform since January 2021. Data: Nomics.
As a reminder, on November 11, 2020, PayPal launched the purchase and sale of bitcoin for US users.
In December, the CEO of the company Dan Shulman said that in the first half of 2021, customers of the payment service will be able to use cryptocurrency to pay for goods and services in 26 million retail outlets.
In the same month, Mizuno Bank in the United States found that 65% of PayPal customers are willing to pay with Bitcoin for goods and services, and a fifth of respondents have already tried trading cryptocurrency in the payment service application.