The cryptocurrency market has turned bullish in the last few hours. This is due to the fact that there were some rumours showing that PayPal could be working on a Bitcoin (BTC) and crypto integration on its platform. At the moment there are two job listings for crypto experts to start working for the financial company.
Bitcoin Moves Highers as PayPal Rumours Expand
In general, when rumours about large companies integrating crypto hit the market the crypto industry reacts in a bullish way. This is what happened with Bitcoin and the entire market when investors heard that PayPal could be working on a crypto integration.
According to a job listing opened by PayPal, they are searching for a person that will be working on different initiatives related to market innovation. In addition to it, it requests the ideal candidate to focus on agility and market innovation so as to design crypto products and features that would improve the services offered by PayPal.
There was another job listing promoted by the company in which they are looking for a blockchain research engineer that would work with the company’s Strategic Technology Enhancement team. They will be analyzing the blockchain and crypto market and understand whether it is going to be possible for PayPal to embrace blockchain and cryptocurrencies.
The entire market reacted positively to the news. Bitcoin moved from around $9,350 to over $9,650 in just a few minutes. Now, Bitcoin is being traded above $9,600 and it has a market capitalization of $178 billion.
Meanwhile, other altcoins such as Ethereum (ETH) moved higher by 3%. ETH, which is the second-largest virtual currency in the market surged above $241 and it has a market capitalization of $26.88 billion. This shows that Bitcoin remains by far the leader in the market.
Furthermore, XRP and Litecoin registered gains as well. XRP, however, was the currency with the lowest growth in the last 24 hours expanding by just 0.20% to $0.188. Meanwhile, Litecoin moved higher by 0.52% and its price was able to surpass $44 per coin. At the time of writing, Litecoin is the seventh-largest crypto in the market with a price of $43.88 and a valuation of $2.84 billion.
Now it is just time to see what PayPal is going to be developing and how it could help increase cryptocurrencies’ acceptance and use cases.