Bitcoin

Cryptocurrency is cooking with a fall rally and lots of attention from recognizable companies like Square and PayPal. For Daniel Polotsky, any good news for bitcoin is welcome.

ATM technology provider Payment Alliance International is partnering with B4U Financial to enable users of any cryptocurrency wallets to redeem bitcoin for cash at the ATMs.

Inflationary and macroeconomic pressures will position bitcoin as a new asset that acts as a recognized store of value against inflation, says FiCAS' Ali Mizani Oskui.

Bitcoin has underpinned the next generation of currencies, while showing that central banks are not necessarily needed as administrators or gatekeepers.

Bitcoin extended recent gains in Friday trading, continuing its slow progress toward $16,000 after joining a slew of assets from oil to Asian stocks that rallied in the wake of the U.S. election.

Bitcoin showed the world that software can be open source, censorship resistant, decentralized, permissionless and borderless, says Woorton's Zahreddine Touag.

Crypto played a key role in Square's 140% year-over-year growth in revenue for the third quarter — and 212% growth in gross profit for the Cash App alone.

Founder Caitlin Long says the blockchain bank plans to issue a virtual currency and help hedge funds and family offices trade digital assets now that it has a special-purpose banking charter in Wyoming.

PayPal wants to clear the way for its users to buy, sell, hold — and shop with — cryptocurrency, but some obstacles may prove costly to overcome.

PayPal isn’t the first company to open its platform to cryptocurrencies, but its technique is more hands-on than most payment providers.