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PayPal Adds Bitcoin: Most Bullish News of the Year?

PayPal will offer its U.S. customers buying and selling of crypto, with support for payments to its merchant network next year.

CoinDesk Insights
Oct 21, 2020 at 3:21 p.m. UTC
Updated Sep 14, 2021 at 10:21 a.m. UTC

PayPal will offer its U.S. customers the option of buying and selling crypto, with support for payments to its 26 million-strong merchant network coming next year.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

This episode is sponsored by Crypto.comNexo.io and Elliptic.

In this late-breaking Breakdown episode, NLW explores:

  • The specifics of the news
  • Why the scale, precedent and normalization are hugely bullish
  • What some skeptics are saying
  • Why it’s significant PayPal is focused on the coming central bank digital currency era

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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