3 snippets to make your day: Paypal and Bitcoin, FC Barcelona’s token sale and more
Is PayPal embracing Bitcoin?
Ah, that’s a question that doesn’t seem to have an official answer yet. However, the signs would suggest that there is some fire under all that smoke.
PayPal made waves in the crypto-community after reports emerged that it is planning on introducing direct cryptocurrency purchases for its millions of users worldwide, with some expecting PayPal to launch a built-in wallet after working with few of the industry’s foremost exchanges. If true, this is a big step for the payment services company, with the development likely motivated by competitor Square’s success with crypto-integration.
While there has been no official comment, it’s worth noting that PayPal is also on the lookout for crypto-engineers, a development that many believe is meant to go hand-in-hand with the aforementioned news. In fact, immediately after the first reports broke out, Bitcoin, the world’s premier cryptocurrency, climbed to touch its resistance on the charts.
XRP, Bitcoin Cash, Litecoin – Undeserving?
Nobody is ever truly happy about crypto-rankings. Nobody ever truly agrees with them either. The latest crypto-personality to vent about the same is BlockFyre’s Simon Dedic, who, in a now-trending tweet, commented that the likes of XRP, BCH, BSV, EOS, and Litecoin, do not deserve to be in the top-10 of the cryptocurrency rankings.
Calling out the likes of Bitcoin Cash, Bitcoin SV, Litecoin, and the king coin’s scaling solutions like the Lightning Network, Dedic declared that there is no need for a ‘better’ Bitcoin, adding that the likes of Tezos, Chainlink, Cosmos, and VeChain are more deserving candidates for the top spots.
It’s not difficult to see where Dedic is coming from as, in certain respects, some of these cryptos have done much better than the market’s top coins. Tezos and Chainlink, for instance, are noting YTD returns of over 100%, at the time fo writing. XRP, on the other hand, was registering YTD returns of -2%.
FC Barcelona sees Messi-esque token sale
After much hoopla, FC Barcelona, one of the world’s greatest football clubs, finally completed its much-anticipated token sale. The Barcelona Fan token (BAR) sale was facilitated via the platforms of Socios and Chiliz, with CEO Alexander Dreyfus announcing its successful completion via a tweet.
Interestingly, while sales were expected to happen for a period of 48-hours, $1.3M worth of tokens were sold off in less than 2 hours, with Dreyfus going on to acknowledge the participation of users from 106 countries and the five-fold increase in demand on the platform.
Well, if Barcelona fans want to live with a token rather than see their great team choke every time someone says Champions League, I’m all for it.
