An American based company, Peninsula Visa, that specializes in visa and passport, announced recently it would be accepting the world’s flagship crypto Bitcoin, as a form of payment for selected passport services, via using Coinbase Commerce as the secure processor for these transactions.

Evan James, Chief Operating Officer at Peninsula Visa said, “Never before has anyone been able to pay for a U.S. passport using a digital currency. We’re thrilled to be the first company in the nation offering this alternative payment method to our valued customers.

As we look forward to a post COVID world, one that we believe will be more digital than ever before, offering travelers the ability to pay via Bitcoin feels like the right move at the right time.”

• At the time of filing this report, Bitcoin price traded at $16,328.11 with a daily trading volume of $20,049,300,522.
• BTC price is up 2.1% in the last 24 hours. It has a circulating supply of 19 Million coins and a max supply of 21 Million coins.

The services further listed by the California based company, Peninsula Visa, for payment through Bitcoin, with additional passport and visa services to be rolled out over the next 12 months are:

• Passport renewal
• Name change
• Second passport
• Second passport renewal

Peninsula Visa — Peninsula Visa was founded in 1975 as a paper airline ticket delivery company in Silicon Valley. Since its start, it has transitioned through the constantly changing landscape of technology and international travel.

Wealthy crypto players seem to be at their game in Q4, 2020, as regards moving Bitcoin.

Data retrieved from the advanced crypto tracker, Whale Alert, revealed someone moved 7,002 BTC valued at (112,904,407 USD) from Unknown wallet to Unknown wallet.

• At the time of drafting this report, Bitcoin was trading slightly above $16,000, with daily trading volume pegged at $18,472,207,777.
• BTC price is up 0.3% in the last 24 hours. It has a circulating supply of 19 Million coins and a max supply of 21 Million coins.

What this means

Crypto investors are going long, stashing their digital gold at record levels, as the crypto market is awash with cheap money coming from stimulus packages from global central banks.

What you should know

Our source some months ago, reported that 47% of BTC holders were Bitcoin (BTC) whales. As the COVID-19 pandemic resurgence disrupted the global financial market – coupled with the recent weakening of the American dollar, the number of whales has been increasing at a steady pace after Bitcoin’s recent halving.

• While it is difficult to predict market movements, BTC whales have shown historically that they often determine the BTC trend.
• At the BTC market, investors or traders who own large amounts of BTCs are typically known as Bitcoin whales.
• This means that a BTC whale could be an individual or business entity (with a single Bitcoin address) owning around 1000 Bitcoins or more.

Since the era of leading payment company, PayPal and other leading financial brands entered into the crypto space, the intensity seen by large investors had unsurprisingly soared at record levels.

Data seen by Themoneymetrics revealed an unknown identity moved 17,187 BTC ($268M) in block 656,521

Whale alert! 🐋 Someone moved 17,187 BTC ($268M) in block 656,521 https://t.co/aleWPFPNto

— Bitcoin Block Bot (@BtcBlockBot) November 12, 2020

About a few weeks ago, Glassnode, a notable crypto analytic company, revealed the number of Bitcoin whales (entities holding ≥ 1K BTC) that have been on an upwards trend for the past months.

This is an indication that more high-net-worth individuals are entering the space to invest in Bitcoin, in expectation of $BTC price appreciation.

• Bitcoin $BTC Reserve Risk (5d MA) just reached a 13-month high of 0.000063
• The previous 13-month high of 0.000062 was observed earlier today

📈 #Bitcoin $BTC Reserve Risk (5d MA) just reached a 13-month high of 0.000063

Previous 13-month high of 0.000062 was observed earlier today

View metric:https://t.co/ACQqFN26D7 pic.twitter.com/CFWrE9FskR

— glassnode alerts (@glassnodealerts) November 13, 2020

What this means; from a macro level is that the increase in the number of these large entities can be considered bullish.

• At the time this report was drafted, Bitcoin was still trading around the $16,000 support levels, as investors have kept buying BTC at its support levels.