The worldwide economy has been severely impacted by the COVID-19 outbreak. As the virus spread across 188 nations, many businesses were forced to close and thousands of people lost their jobs. The virus primarily impacted small enterprises, but it also had an influence on huge corporations. Apple temporarily closed all of its stores outside of China, while Bloomingdale's shuttered all of its 56 locations. Against the backdrop of COVID-19's ambiguity, Bitcoin, Ethereum, and other digital currencies have gotten a lot of attention. For the first time, banks have begun to purchase cryptocurrency. To enable B2B cryptocurrency payments between its customers, banks in the United States are developing their own blockchain-based systems, which include digital currencies. Even Satoshi Nakamoto came up with the concept of cryptocurrency to eliminate the need for third parties to transfer money and make investments in the bitcoin market. As a result, it's obvious that bitcoin has market-shaping potential. Customers will be able to buy, sell, and hold Bitcoin and cryptocurrencies using their PayPal accounts, allowing them to purchase items from the 26 million PayPal-accepting sellers. PayPal intends to allow bitcoin to be used as a funding source by 2021.