- Stripe announced that it will now be providing support to crypto-based businesses.
- Bitcoin appears stable at the $39,000 price range.
- On the other hand, Bitcoin price has been finding it difficult to hold the $40,000 line in the last couple of months.
Despite an overnight dump, Bitcoin has now settled at $39,000 amid new developments in the crypto space. This time, global payments platform Stripe announced that it will now support businesses that accept crypto payments.
As explained by Co-Founder John Collison, the new update will enable the company to support all types of businesses that dabble in cryptocurrencies. These include exchanges, wallets, NFT marketplaces, and more.
Partner businesses are also entitled to Know-Your-Customer (KYC) and other infrastructure from Stripe. What is more, FTX, said that it has partnered with Stripe to use the latter’s automated ID verification system to the former’s platform.
Many in the crypto space came alive with the recent announcement.
Meanwhile, the price of Bitcoin appears to have settled at $39,000 despite an overnight selloff.
As seen on the chart above, Bitcoin price has recovered from the bloody dip at $38,000. It looks poised to return to the $40,000 territory once more. However, this price level appears to be unstable ground. Specifically, Bitcoin has lost its $40,000 support many times over in the last couple of months.
At the time of writing, Bitcoin price is at $39,416.53, according to CoinGecko. It also slashed $52 billion from its market capitalization in the last 24 hours. In other news, a dormant address that held 429 bitcoins moved his or her asset after slumbering for more than 10 years.
Recommended News :
Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.