The News Compass

BY MAJOR COMPANIES Bitcoin has gained wider acceptance by major companies this year, with Tesla Inc investing $1.5 billion in the cryptocurrency and saying it would accept it as payment for its cars. Other companies that have embraced Bitcoin include Mastercard Inc, BNY Mellon and PayPal Holdings Inc. INCREASED INTEREST FROM FINANCIAL FIRMS Financial firms have also shown increased interest in Bitcoin, with BNY Mellon saying it would hold, transfer and issue the cryptocurrency on behalf of its asset-management clients. Goldman Sachs Group Inc has also said it would offer investment vehicles for Bitcoin. This year has seen Bitcoin gain wider acceptance by major companies and increased interest from financial firms. Tesla Inc invested $1.5 billion in the cryptocurrency and said it would accept it as payment for its cars, while Mastercard Inc, BNY Mellon and PayPal Holdings Inc have also embraced it. BNY Mellon has said it would hold, transfer and issue the cryptocurrency on behalf of its asset-management clients, and Goldman Sachs Group Inc has said it would offer investment vehicles for Bitcoin.0