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.
March 30, 2021
Host
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.
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
Image credit: Weedezign/iStock/Getty Images Plus
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