PayPal Bitcoin Volumes Spike to $300 Million While Apple Looks to Crypto – Trustnodes

PayPal Bitcoin Volumes Spike to $300 Million While Apple Looks to Crypto


Bitcoin PayPal volumes, May 2021

PayPal bitcoin volumes have reached a new high of more than $300 million according to data by itBit, its custodian.

Volumes jumped from circa $80 million a day to surpass the previous peak in January of $240 million.

The spike (pictured) was while bitcoin briefly reached $30,000 last week, showing retail bought the dip with bitcoin currently ranging.

These significant volumes may be pushing competitors towards offering a similar service, including potentially Apple Pay.

In a job posting for a senior role in their alternative payments division, Apple requires someone with “5+ years experience working in or with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency and etc..”

That has led to speculations they may be looking to enter the crypto market, something that may allow around 400 million users to buy or sell bitcoin as well as potentially to pay with it.

Apple has not made any crypto related announcement a decade on since bitcoin’s invention, with it unclear whether the Silicon Valley giant plans to change that.

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