Morning Tick
  • Latest News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Fintech
    • Altcoins
  • Market Analysis
  • Resources
  • Contact
    • About Us
    • Press Toolkit
Facebook Twitter Instagram
Morning Tick
  • Latest News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Fintech
    • Altcoins
  • Market Analysis
  • Resources
  • Contact
    • About Us
    • Press Toolkit
Facebook Twitter Instagram
Morning Tick
Adoption

Cryptocurrency crowned as most popular among influencer discussions on Twitter

Varsha SaraogiBy Varsha SaraogiUpdated:January 12, 2021 on January 12, 2021
cryptocurrency
Image credit: Morning Tick
Share
Reddit Facebook Twitter LinkedIn Pinterest WhatsApp Email

Rising inflation and the impact of COVID-19 has massively shifted investors’ as well as public companies and banks’ focus to cryptocurrencies. As a result, despite the volatility, digital assets have garnered much popularity on social media.

According to data and analytics company GlobalData’s PayPal Holdings Inc Influencer Platform’s data, influencer conversations on Twitter related to PayPal surged by 500% quarter-on-quarter in Q4 2020.

The reason for this upward graph can be credited to PayPal’s new service which allowed its users to buy, sell and accept cryptocurrencies like bitcoin, ethereum and litecoin through the PayPal digital wallet.

Additionally, the company reported a revenue of US$5.46bn for the quarter ending September 2020, a figure up by 25% compared to the previous year. PayPal’s total payment volume also surged by 36% year-on-year to a whopping US$247bn.

Commenting on this report, Influencer Analyst at GlobalData Smitarani Tripathy said:

“In October, there was a dramatic rise in influencer conversations around PayPal, when the online payments company received the conditional Bitlicense from New York State’s Department of Financial Services (DFS).”

Tripathy believes that the payment firm’s early announcement on the license is what caused the escalation in crypto’s popularity.

“The service was originally supposed to be launched from early 2021. However, the company advanced it to November 2020. This led to a conversation spike in November,” she added.

PayPal is hardly the only firm boosting crypto in its processes. American financial services Square witnessed US$50m worth cash turn into Bitcoin. Experts at Citibank forecast Bitcoin’s price to cross US$300,000 by the end of 2021 deeming it as the gold of the 21st-century. 

Among all cryptocurrencies, Bitcoin seems to be the king of coins on Twitter as BTC accounted for 50.71% of all mentions in 2020.

Adoption Bitcoin Crypto News Paypal Twitter
Disclaimer
Read More Read Less
The information provided on this website shouldn’t be considered as investment, tax, legal, or trading advice. Morning Tick is not an investment advisory platform, nor do we intend to be. The publication, its’s management team, or authored-by-line doesn’t seem liable for your personal financial losses, which may be due to your panic decisions based on the content we published. We strongly recommend considering our stories as just a piece of information, unlike advice, recommendations, or requests. Some of the contents may get outdated, updated, or inaccurate despite our profound editorial policies. We urge readers to do their due diligence before making any investments decision with ongoing IDOs, ICOs, IEOs, or any other kind of financial offerings. Few outbound links may be commissioned or affiliated, which helps us grow financially and maintain healthy editorial norms. For more information, visit disclaimer page.
Share. Facebook Twitter Pinterest LinkedIn Email Reddit WhatsApp
Previous ArticleWill the crypto trade burst like ‘the internet stock bubble’? Mark Cuban answers
Next Article Is Bitcoin [BTC] gearing up for another correction?
Varsha Saraogi
  • Twitter

After getting an MA Journalism from the UK, she has been published in Reuters, The Independent, Elite Business Magazine and continues to follow her passion in technology and business.

Recommended Posts

VNX launches as the first European regulated precious metals tokenization platform

8 months ago

Matrix adds Block trading capabilities four more virtual currencies to its platform

10 months ago

OVR Global launches Map2Earn to crowdsource the largest high-precision 3D map of the world

10 months ago

Spielworks multichain treasure hunt NFT game brings users valuable rewards

11 months ago
Add A Comment

Comments are closed.

Latest

Introducing Lucky Mystery Box, Crypto lottery based on TRON with a prize pool of 1M USDT

23 mins ago

GlobalDots joins forces with Coralogix to save companies 40-70% on full-stack observability costs, launching a debut CDN log management solution

3 weeks ago

KX.finance announces upcoming DeFi/DEX aggregator launch on APTOS/SUI blockchain

3 months ago

HyperBC Group unveils Zero interest Crypto Credit Card HyperCard, obtains Lithuanian Financial License

3 months ago

Unplugged launches its mobile App Suite to help consumers reclaim their privacy

3 months ago
Morning Tick
Facebook Twitter Instagram Pinterest RSS
  • About Us
  • Press Toolkit
  • Disclaimer
  • Contact Us
  • Privacy Policy
  • Sitemap
© 2022 Morning Tick. Disclaimer: The information provided on this website shouldn't be considered as investment, tax, legal, or trading advice.

Type above and press Enter to search. Press Esc to cancel.