We finally got PayPal crypto merchant payments, and BNB is over 300 dollars again. With Ethereum delaying the Layer 2 scaling solutions upgrade, there is a high possibility that Binance BNB will be getting attention as it solves the gas fee problem.
Looking at the cryptocurrency market today, we can see that Bitcoin is very close to 59 thousand dollars. Ethereum is passing 1,800 dollars, Binance BNB is up by 10 percent already at 300 dollars.
Binance all-time high was around 350 to 375 dollars for about a day, and it corrected back to the 200s, and now it is climbing again since Ethereum delayed the Layer 2 scaling solutions.
Many projects will be crossing over to the Binance smart chain mainly because of the reduced fees. I'd you have ever used Pancake Swap, the transactions are a dollar and less compared to Uniswap, being between 25 to 100 dollars and more per transaction. The sad thing about this is that you can also get failed transactions and lose the gas fee completely.
The market is looking quite good today, and April will probably be massive because we have a lot of price predictions for an 80,000 dollar Bitcoin which will be good for the entire crypto space.
PayPal finally made an announcement yesterday evening on their Twitter page concerning crypto merchant payments.
The thing about this is that it is converting it to fiat currency and paying the merchant. Most of us hoped that PayPal would allow merchants to accept cryptocurrencies of their choice in payments. They may roll that out in the future, maybe.
Regardless, this is a big step towards mass adoption. People will now be able to use their cryptocurrency on PayPal, convert it to fiat currency, and pay millions of merchants with that "cryptocurrency."
Although we do not know what PayPal will be doing to this crypto, if they will be converting it and cashing out or if they will be stacking the cryptocurrency and holding it.
On the other hand, Chipotle posted about Bitcoin today. Many people assumed that this was an April Fools joke because it will be launching on the first of April.
It turns out that Thursday is National Burrito Day, so Chipotle will be giving away free Burritos and $100,000 in Bitcoin. They will not be accepting Bitcoin as payment, but they are still promoting it and using it as a marketing strategy.
The company, Bakkt, has launched a Bitcoin wallet with Starbucks and more. This is another crypto company that will be going public soon and is backed by Starbucks and Microsoft.
This was a big deal back then in 2018, there was a lot of hype around the launch, and the price of Bitcoin went up. But unfortunately, the launch was postponed as expected.
But currently, they are launching new products, and this is a great crypto mass adoption. Bakkt will have a lot of support, especially as Starbucks backs it.
