You can Expect more and more Bitcoin on Balance Sheets of Giant Firms after Walmart Adopts Blockchain

The Bitcoin rush is far from over, and with new companies and financial candidates taking their place on the Blockchain, the revolution might not stop until the decentralized economy is as convenient and common as the centralized fiat money. PayPal’s CEO, Dan Schulman, did unveil a new service in the PayPal app that goes like “checkout with crypto.” This means that the 375 million PayPal users would be able to buy and store cryptocurrency directly in their PayPal accounts and who knows that after some time, the crypto trading might become a thing with PayPal as, at present, Bitcoin can be bought and kept in PayPal account.

This might not come out as a surprise due to the current institutionalization of Bitcoin that is taking place that PayPal is not the only candidate in the race of adopting Blockchain and allowing its users to reap all the benefits. MicroStrategy has also been doing the same, and way before PayPal or any other financial institution ever dreamt of joining hands with cryptocurrency. 

MicroStrategy is something of a pioneer when it comes to adopting cryptocurrency, as it did back in the day by buying a lot of Bitcoin. At the present moment, MicroStrategy did make Bitcoin a part of its balance sheets as all the board members at MicroStrategy, which are 5, to be exact, will be paid with Bitcoin. This gets us one step closer to closing the deal with cryptocurrency forever and accepting it with open minds and arms over centralized finance. 

Crypto Adoption on the Rise

Walmart, the overachieved e-commerce chain in the USA, has been thinking about instating the ledger-based technology into their platform for the sake of fraud prevention and tracking their supply chain. Blockchain technology dearly provides everything a business-oriented enterprise could ever want. The fortress of security really makes those financial enterprises want more and more of the decentralized ledger technology. It is not that far when cryptocurrency would have dominated or been soaring alongside the fiat money, producing people with a choice, whichever one they want to fly with, and the obvious choice would be the decentralized technology; this financial adoption is merely a beginning.          

Leave a Reply

Your email address will not be published.

Related

GBP to USD Prediction – Bulls Target $1.2450 Amid Weak U.S Jobs Report

It is somewhat of a GBP-USD day. The market does not have the United Kingdom’s economy to ponder today. Meanwhile, the attention has remained on the Federal Reserve following GBP-USD’s Thursday $1.23 return. The currency has never explored the value since June. Though hawkish bets place the sterling at the $1.25 mark into 2023, massive […]

Britain’s Chancellor Defers Tough Decisions to The Next Administration

The new British government is characterized by its severance to caution when it comes to its economic administration and its readiness to devote itself to performing just causes, regardless of the financial toll on the political sector.  As its precursor, Liz Truss, in September, decided to divide Britain’s economic organization, and the event exposed enormous […]

Genesis Halts Withdrawals Amid a Collapse of The Digital Currency Market

Genesis Global Capital has stopped processing withdrawals, confirming this week’s rumors. This is the most current lending program to file for bankruptcy. In 2022, Celsius Network, Voyager Digital, and other companies did so. At the moment, Derar Islim is Genesis’ acting CEO. Islim told Investors that the firm is looking at its options and seeking […]

Nayib Bukele Pledges To Buy 1 BTC Daily for El Salvador

The President of Els Salvador has pledged to start buying at least 1 BTC daily. This news emerged months after El Salvador is said to have completed its final BTC acquisition, 80 BTC at quite a cost of $19k each, in July this year. Previous Buy History of El Salvador  As per information from Buy BTC […]

Indonesia’s Central Bank Raises Rates By 50 Bps

In light of a robust economy and “high” inflation expectations, the Bank of Indonesia said on Thursday that it would act more firmly. As a result, the bank has increased the benchmark interest rate for the third consecutive month. A Global Economic Slowdown Bank of Indonesia was expected to increase the 7-day reverse repo rate […]