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Crypto Prices
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The Breakdown, With NLW

PayPal Opens Crypto Payments for Millions of Merchants

The old canard that you can’t buy coffee with bitcoin is less true than ever as PayPal rolls out crypto checkout for 29 million merchants.

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On this episode

The old canard that you can’t buy coffee with bitcoin is less true than ever as PayPal rolls out crypto checkout for 29 million merchants.

This episode is sponsored by Nexo.io and Casper.

Download this episode

Today on the Brief:

  • BTC micro futures coming to CME
  • Michael Jordan is now an NFT investor
  • Bitcoin doesn’t care about Treasury yields

Our main discussion: PayPal has begun rolling out its crypto checkout tools to millions of merchants. NLW breaks down:

  • Why payments for day-to-day items have been historically deprioritized for Bitcoin and Ethereum
  • Why the PayPal checkout tools are unlikely to shift the primary use case from store of value style functions to medium of exchange
  • Why the liquidity and utility PayPal crypto checkout creates still adds significant value to these crypto assets

See also: PayPal Pushes Crypto Further Mainstream With Planned Checkout Service for 29M Merchants

Image credit: Weedezign/iStock/Getty Images Plus

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