Bitcoin Market: PayPal withdrawal more bitcoin or business to make up for the market space

Bitcoin Market: PayPal withdrawal more bitcoin or business to make up for the market space

Bitcoin prices on Thursday (September 17th) the plate down, the recent pattern of shocks continued.

BITSTAMP announced the price display, bitcoin / $(XBT/USD) yesterday from 230.50 levels fell sharply to 226 line, but after the shock rebound, and rose to the level of the 230 trading days the Asian plate, fell slightly to 228.50.


KRAKEN announced the price display, bitcoin / euro (XBT/EUR) yesterday from 205.50 to 202 below the level of a pressure, then launched a modest rebound, in the trading days the Asian plate rose above 203.50, the moderate decline to 203 mark.

(bitcoin / $chart source: Peng Bo, FX168 financial network)

(bitcoin / Euro time chart source: Peng Bo, FX168 financial network)

(bitcoin / RMB time chart source: btctrade/ bitcoin trading network)


Bitcoin trading network (btctrade.com) announced the price display, bitcoin / RMB since yesterday fell sharply to 1491 highs near 1467, then continued to rebound to 1487 levels of force. However, not like the dollar or Euro denominated bitcoin modest down market.

The industry, the company recently announced that PayPal will stop in Taiwan China local payment service. PayPal company said in Taiwan issued to the user’s local termination payment business statement, the decision is made according to the local laws and regulations adjustment.

In addition, PayPal also announced earlier this week from Puerto Rico business. Previously, the Puerto Rico government to strengthen local financial management, make laws to all point to pay for the company forced to charge a tax rate of 2%.

Some industry insiders believe that the withdrawal of PayPal in some areas of business, provides a potential market for bitcoin company.

In the area of Taiwan Chinese as an example, the area of the local payment service will be in short supply. This gap is an opportunity for other payment platform.

The user will go to seek other ways to complete the local payment, bitcoin may be an option for them. By closing the gap left by PayPal, bitcoin may become the local online payment in Taiwan Chinese preferred.

Beijing time 11:59 on September 17th, bitcoin / USD / Euro 228.50, bitcoin bitcoin / report 205.08, reported 1480 yuan.

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