Institutional investors | bitcoin news | crypto news

Quick take

1 minute read

  • Over the course of 2020, more institutions have been looking to bitcoin in a more serious manner. 

  • Many companies are looking to invest in the coin to help up their profits following the coronavirus pandemic and the economic turmoil that has come as a result.

Over the course of 2020, more institutions have been looking to bitcoin in a more serious manner. Many companies are looking to invest in the coin to help up their profits following the coronavirus pandemic and the economic turmoil that has come as a result.

Many traditional financial technology companies are changing their companies policies in order to accommodate digital currencies and the ever-changing digital landscape. 

Whether this comes through investing or expanding, the structures of these companies are long for the inclusion of using crypto.

After PayPal was introduced into the world of crypto earlier this year through an exciting announcement, more and more companies are looking towards this industry in a more serious way. The payments that work has opened its services to millions of eligible holders in the United States recently, some people even predicting that Google and Facebook could be next to adopt such a service to their platforms.

The founder of BlockWork groups, Jason Yanowitz has said the following on Twitter and it came to these organisations enabling the use of bitcoin through a digital wallet.

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: https://cryptodaily.co.uk/2020/11/could-bitcoin-be-adopted-by-google-and-facebook-in-the-future