NEW!Incredible offer for our exclusive subscribers! Read More
CryptoMining

Data analytics giant Palantir now accepts Bitcoin payments

1 Mins read

The $30 billion Colorado-based data analytics company founded by billionaire Peter Thiel now accepts Bitcoin from clients as a form of payment.

Source: cointelegraph.com

According to a CNBC report today, Palantir said during its earnings call for the first quarter of 2021 that it had begun accepting Bitcoin (BTC) payments. In addition, the firm is mulling following in Tesla’s and MicroStrategy’s footsteps by adding BTC to its balance sheet, saying the crypto asset was “definitely on the table.” Palantir likely has more than $2 billion in cash on hand for investments.

MicroStrategy was one of the first major firms to adopt Bitcoin as a reserve asset, making several multimillion dollar crypto purchases in 2020 and 2021. Tesla entered the crypto space in February, announcing it had bought $1.5 billion worth of Bitcoin. The car manufacturer later sold 10% of its crypto holdings “to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet.”

Thiel also helped found PayPal, which launched crypto trading in late 2020. In April, PayPal-owned payments platform Venmo introduced crypto trading for BTC, Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).

Related posts
AltcoinsBTCBusinessCryptoETHMiningNewsOtherStock

Binqwix.com collaborates with Stake.com to offer Crypto services for its users

1 Mins read
Binqwix.com has collaborated with Stake.com to give crypto gamblers with a top-tier exchange where they can deposit, sell, and even convert Crypto…
AltcoinsBTCBusinessCryptoETHOther

Tradex-wallet.com staking platform with the best percentages or is it a temporary phenomenon?

1 Mins read
As it became known, tradex-wallet announced the announcement of a new staking program, rewards and large payouts for staking, the platform raffles…
AltcoinsBTCCryptoETHOther

Cryptwex & 15 More Crypto Exchanges Face Ire of South

2 Mins read
Sixteen international crypto exchanges. Including and the Mexican heavyweight MEXC. Have landed in hot water with Cryptwex.com financial regulators. For failing to comply with local guidelines….
Power your team with InHype

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *