THELOGICALINDIAN - Palantirs Q1 balance address suggests the close is bullish on Bitcoin It said an advance was on the table and now accepts Bitcoin payments
Another accumulated behemothic joins the Bitcoin bandwagon.
Palantir Adopting Bitcoin
Palantir, the billion-dollar abstracts analytics close chaired by Peter Thiel, has reportedly appear it accepts Bitcoin as a anatomy of payment.
CNBC reported on the Palo Alto firm’s Q1 2021 balance alarm Tuesday, in which Palantir appear $341 actor acquirement and 49% growth. Adjusted balance per allotment hit 4 cents.
The big talking point for cryptocurrency enthusiasts, though, has been the company’s attitude on Bitcoin. In an antithesis call, Palantir accepted that it was because abacus Bitcoin to its antithesis sheet. It again added that it accepts Bitcoin as a acquittal option.
Though it’s Palantir’s aboriginal adumbration of a move into the crypto space, it may not appear as a abruptness to many. Thiel, who co-founded PayPal, has been accepted for his absorption in the space, recently declaring that Bitcoin could become “a Chinese banking weapon.” He additionally backs the stablecoin activity Reserve Protocol. On top of that, 2021 in crypto has been partly authentic by the cardinal of ample companies adopting Bitcoin. In February, Tesla revealed it had purchased $1.5 billion account of the agenda currency. It additionally started accepting Bitcoin as a acquittal advantage for its electric cars. Abounding added big players, including advance banks and allowance firms, accept invested as absorption in cryptocurrencies grows.
Palantir provides software and analytics accoutrement for a array of ample entities, including the U.S. government and badge departments. It currently has 149 customers. Its technology has been the accountable of altercation and is sometimes declared as “unethical.” It went accessible on the New York Stock Exchange aftermost September, hitting a appraisal of $16.5 billion. Its allotment amount has attempt up back then, with the close now admired at $30.44 billion.
Disclosure: At the time of writing, the columnist of this affection endemic RSR and several added cryptocurrencies.
