One reason for Bitcoin’s rise is Paypal. Since offering cryptocurrency services a month ago, the payments company has taken 70% of newly minted Bitcoin. Add in Square’s Cash App, and more than 100% of new Bitcoins are going to the two payment companies. And it’s just as well that those companies are getting into the Bitcoin game because current players are struggling to handle the demand. Coinbase has suffered a number of outages as demand has risen.
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Source: Cryptocurrency - investing.com
