Peter Thiel's Palantir Technologies now accepts bitcoin for payments

Bitcoin • May 11, 2021, 9:55AM EDT
The Block

Peter Thiel's data analytics company Palantir Technologies now accepts bitcoin as a form of payment from clients.

Palantir revealed the news in a Q1 earnings call on Tuesday, according to a CNBC report. The presentation from the call is not publicly available on Palantir's website. 

Palantir, which has a market capitalization of nearly $34 billion, is also considering adding bitcoin to its balance sheet, according to CNBC. During the earnings call, the New York Stock Exchange-listed company said the option is "definitely on the table."

Peter Thiel's other companies, PayPal and Venmo, have also embraced crypto. Both companies allow users to buy and sell cryptocurrencies through their apps, and PayPal is exploring the launch of a stablecoin, as The Block reported earlier this month. 

AUTHOR

Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

See More
Connect on

WHO WE ARE

The Block is a news provider that strives to be the first and final word on digital assets news, research, and data.

+ Follow us on Google News
Connect with the block on

More by Yogita Khatri