Something major is happening in the crypto world right now that most traders and investors aren’t aware of.
And it has everything to do with Paypal…
Since WealthPress Head Trader Roger Scott usually shares all the stocks he’s watching with us, we thought it’d be beneficial to show you this video. Inside, Roger will walk us through this upcoming trend and how you can invest in cryptocurrencies using regular stocks.
Paypal Holdings Inc (Nasdaq: PYPL) just made a big announcement. Once it launches in the year 2021, Paypal account holders in the U.S. will be able to buy, hold and sell cryptocurrency directly with Paypal. In other words, customers can soon use cryptocurrency as a payment source in the app.
You’re finally going to be able to use cryptocurrencies when you’re paying with Paypal.
(For those of you who don’t know what cryptocurrency is, it’s a digital currency that uses electronic files as money. It benefits from “decentralized control,” meaning it’s not controlled by one person or government. It is also commonly bought and sold by speculative traders.)
That’s huge because Paypal is one of the largest online payment processors in the world. If Paypal is doing it in 2021, it’s only a matter of time until other payment systems start doing the exact same.
Roger thinks we’ll even eventually be able to use cryptocurrency when ordering things on Amazon.com Inc. (Nasdaq: AMZN). In fact, Square Inc (NYSE: SQ) is already in talks about accepting Cryptocurrency as a payment method.
But let’s say you want to invest in cryptocurrencies; however, you don’t want to go all in or use the Wallet app on your iPhone. Well, Roger has found a way around that.
You can purchase RIOT!
Riot Blockchain Inc (Nasdaq: RIOT) is one of the largest and lowest-cost producers of Bitcoin. The company leverages its expertise and network to build and support blockchain technology comapnies, while providing investment exposure to the ever-growing blockchain ecosystem.
But now let’s say you’re wanting to invest in cryptocurrency ETFs. Well, he has one of those for you, too.
Check out Roger’s video to learn three different ways you can invest in cryptocurrency. And as always, we’d love to hear your thoughts so be sure to leave a comment in the section below.