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BitPay Says Fintechs Square and PayPal will Drive Bitcoin and other Cryptos to Become Globally Accepted Payment Method

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BitPay Says Fintechs Square and PayPal will Drive Bitcoin and other Cryptos to Become Globally Accepted Payment Method
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BitPay, a blockchain payment technology firm that allows users to accept and send Bitcoin and other cryptocurrencies, notes that even though 2020 was a “rollercoaster of a year for the world,” digital currency remains at the “forefront” of the future of finance.
BitPay pointed out that on January 1, 2020, Bitcoin (BTC), the flagship cryptocurrency, opened trading at $7,194.89. And a year later, that value almost quadrupled to $29,001.72, which was by December 31, 2020.
BitPay thinks that 2021 will be the year that crypto becomes more widely adopted for payments and other practical use cases. The digital currency payment firm believes that better or improved regulations and enterprises such as Square (NYSE:SQ) and PayPal (NASDAQ: PYPL) will “drive crypto to become an accepted form of payments globally.” ....

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Bitcoin Payments Startup BitPay Applies for US Banking License

Bitcoin Payments Startup BitPay Applies for US Banking License
Dec 10 2020 · 10:45 UTC by Bhushan Akolkar · 2 min read
Photo: Depositphotos
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BitPay has submitted the complete paperwork work to the US OCC to establish a federally-regulated bank in Georgia.
Crypto companies in the US are now taking the bold route of securing a national banking license. On Tuesday, December 8, BitPay filed for the paperwork with the US Office of the Comptroller of the Currency (OCC) to build a federally regulated bank.
As per the legal notice published in the Atlanta Journal-Constitution, the proposed banking entity will be named BitPay National Trust Bank. Its headquarters will be in Alpharetta, Georgia. Also, there’s filing states a 30-day comment window for the OCC director to respond. ....

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