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₿ITCOIN price is exploding, again.. PayPal’s new addition is helping drive the price past $17,194.00

Why Bitcoin is surging:

At 10:30AM EST, the price of Bitcoin was $17,194. According to the chart below we are getting close to declaring that Bitcoin is in a Bull Run.

Today is 190 days post Bitcoin Halving 2020

Today is 190 days since the Bitcoin halving on May 11th, 2020. Every 210,000 blocks mined, or about every four years, the reward given to Bitcoin miners for processing transactions is cut in half. This cuts in half the rate at which new Bitcoin is released into circulation. This is Bitcoin’s way of using a synthetic form of inflation that halves every four years until all Bitcoin is released and is In circulation

These halvings reduce the rate at which new coins are created and thus lower the available supply. This can cause some implications for investors as other assets with low supply, like gold, can have high demand and push prices higher.

In the past, these Bitcoin halvings have correlated with massive surges in Bitcoin’s price. The first halving, which occurred in November of 2012, saw an increase from about $12 to nearly $1,150 within a year. The second Bitcoin halving occurred in July of 2016. The price at that halving was about $650 and by December 17th, 2017, Bitcoin’s price had soared to nearly $20,000. The price then fell over the course of a year from this peak down to around $3,200, a price nearly 400% higher than Its pre-halving price.

Both previous halvings have correlated with intense boom and bust cycles that have ended with higher prices than prior to the event.


PayPal adds Bitcoin, Litecoin, Etherum & Bitcoin Cash

On October 21, 2020, the payment firm Paypal announced that it would soon support bitcoin (BTC)ethereum (ETH)bitcoin cash (BCH), and litecoin (LTC). The company said the Paypal customers would be able to buy, sell, and hold the virtual assets.

On November 12th, 2020 PayPal announced:

“We are pleased to announce that all eligible Paypal account holders in the U.S. can now buy, hold and sell cryptocurrency directly with Paypal,” the company announced on Thursday, November 12, 2020.”

PayPal currently has 286 million active users worldwide of which an estimated 25 million are in the U.S. If it were a bank, PayPal would be the 21st largest bank in the US. eBay bought PayPal for $1.5 billion, only to separate from it in 2015. The average PayPal user conducts 36.9 transactions per year.

This largely anticipated move exposes 25 million Americans to the world of Cryptocurrencies. Currently PayPal does not allow users to send, receive or transfer Crypto. Although it is highly suspected that those features are in the works.

PayPal said there would be no service fees for buying or selling cryptocurrency through December 31, 2020, and no fees for holding cryptocurrency in a PayPal account.

According to the firm’s press release:

“Consumers will be able to instantly convert their selected cryptocurrency balance to fiat currency, with certainty of value and no incremental fees. PayPal merchants will have no additional integrations or fees, as all transactions will be settled with fiat currency at their current PayPal rates.”

Bitcoin Institutional Buying


Coinbase says more institutional investors are now using its platform to build direct positions in the cryptocurrency market.

Crypto fund managers are now getting more backing from institutional investors that see the crypto market as an alternative investment strategy.

In a report, the exchange says it observed a “noticeable uptick in institutional business’s growth” in the first half of the year.

According to Coinbase, the “greater visibility of reputable investors warming up to digital assets” is also helping to fuel growing “confidence among this community.”


Earlier in October, Square Inc SQ said it had purchased $50 million in Bitcoin with CEO Jack Dorsey terming it a “manifestation” of an internet currency.

The Fintech giant (NYSE:SQ) has allowed its Cash App customers to buy and sell bitcoin for some time now, and has some high-tech cryptocurrency initiatives underway.

Grayscale Bitcoin Trust (BTC)

During the third quarter of 2020, Grayscale raised $1.05 billion into its investment products, marking the largest capital inflow in a single quarter in the firm’s history. Year-to-date investment into the Grayscale family of products has surpassed $2.4 billion, more than double the $1.2 billion cumulative inflow into the products from 2013-2019.

Grayscale® Bitcoin Trust continued to lead investment demand, with inflows of $719.3 million in 3Q20. The Trust’s AUM has grown 147% YTD, making it one of the fastest growing investment products.

The majority of investment continued to come from institutional investors, accounting for 81% of investment in 3Q20. Additionally, investors continue to broaden their digital asset exposure, with 57% of investment coming from multi-product investors in 3Q20.

What is Skip Tracing for Debt Collection

What is Skip Tracing for Debt Collection

Many different types of companies use skip tracing to track down non-payers. For instance, if you buy a car and default on your loan payments, the lender might hire a skip tracer to find you. The same construct applies to debt collection.

At TSI, we use skip tracing to enhance the collection process. We’re often the first line of defense when it comes to tracking down clients. We use our proprietary technology and advanced skip tracing skills to take the weight off your shoulders and get money into your pockets. But how, exactly, does skip tracing work for debt collection?

What is Skip Tracing?

Some people just don’t want to be found.

When you can’t find a client who owes you money, you’re out of luck — unless you partner with a firm that employs skip tracers. The skip tracing process combines technology and other resources, including public records and data, to find people who haven’t paid their invoices.

It’s true that you can pay a monthly fee to use an online database, but we maintain our own database that includes around one billion records and growing. Our system proves far more sophisticated than the consumer-based solutions you can find online and, more importantly, our staff knows how to use these resources to find clients faster and more effectively.

Some companies offer an unlimited skip tracing service with quality results.

Instead of spending hours scouring the internet for a client who hasn’t made good on an invoice, you can trust skip tracers to find the wayward client and begin the debt collection process.

We also use account scrubbing to clean up any inaccurate, redundant, or misleading data. Businesses often waste valuable man hours chasing the wrong company or calling a phone number that has already been reassigned to someone else. Our proprietary skip tracing process ensures that you don’t have to go through all that trouble with no gain at the end of your pain.

Skip Tracing Services by Partnering with a Debt Collection Agency

Larger businesses can sometimes afford to conduct collections in-house, but the internal costs add up quickly, and agencies like TSI treat your customers with respect and diplomacy while finding them and attempting to collect debts.

We can customize our debt collection and skip tracing services to suit your specific needs, regardless of your industry. We let you focus on customer relationship management while we track down errant clients with our highly-skilled staff.

Ultimately, our goal is always to stimulate your cash flow while maintaining regulatory standards and upholding your brand reputation. Our skip tracing services and account scrubbing services make this process faster and easier, which leads to more satisfactory results.

No matter the size of your business, we can tailor a solution to your debt collection needs. Contact u to tell our team about your business and its outstanding invoices, and start optimizing your revenue today.

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