🔴 Major Companies Flocking Into Crypto | This Week in Crypto – Feb 15, 2021

A special thanks to eToro
for sponsoring this video. Connect with other traders
and copy their moves, check the link in the description
for more information. Hi, I’m Nate Martin from 99Bitcoins.com, and here’s what’s happened
this week in crypto. Tesla—the electric car company of Elon Musk has purchased more than $1.5 billion
worth of Bitcoin to become the latest institution
to show support for the world’s primary digital asset. Tesla has also said it will consider
BTC-based payments for goods and services. Following the news, the currency spiked
to a new all-time high of $48,000. Many companies appear to be following
in Tesla’s footsteps and are now considering the possibility
of adding Bitcoin to their lists of accepted payment currencies. Driving service Uber said the company
is considering permitting BTC payments should the circumstances reveal
a solid need for them. Uber’s CEO said, accepting Bitcoin
as payment could be “good for business, good for riders and good for eaters”.

Social media giant Twitter has also announced that it is looking into possibly
issuing Bitcoin payments to employees in the future. While no official decisions have been made, the company says it is considering adding
the digital asset to its balance sheet and boosting its potential to serve
as a payment method for goods and services. E-commerce giant Amazon
is developing a new service that will allow its customers to shop
using digital currency. According to official job postings on Amazon, the company is now hiring a tech team
to build a product that will enable customers
to convert their cash into digital currency to use for online services.

The yet-to-be-announced project
will initially roll out in Mexico. The world’s leading payment
processing company, Mastercard, revealed that it will integrate
cryptocurrencies directly into its merchants’ network in 2021. This comes shortly after
another payments giant, Visa, announced its plans to do the same. BNY Mellon—one of the oldest
and most powerful banks in the U.S.— has announced that it will offer
crypto custody services to its clients in the coming months. The bank says it’s witnessed
a huge surge in customer demand and thus will begin providing these services
by the latter half of 2021.

After years of disapproving gestures from the U.S. Securities
and Exchange Commission (SEC), a bitcoin-based exchange-traded fund (ETF) has finally been given the greenlight
in Canada. The product will be released by asset manager
Purpose Investments and will trade on the Toronto stock exchange
under the symbol “BTCC.” Lazarus—a crypto hacking group
based in North Korea— is accused of masterminding
a heist last year on currency exchange KuCoin. The attack led to more than $275 million
in stolen crypto funds, which experts believe
went towards expanding North Korea’s nuclear arsenal.

According to blockchain analysis firm
Chainalysis, the latest figures show
that Lazarus has stolen close to a total of $2 billion
in digital funds. That’s what’s happened this week in crypto. See you next week. If you've enjoyed this video,
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