Baby Steps or Handcuffs? Crypto Pros Assess PayPal’s Bitcoin Play
Fintech giant PayPal confirmed its move into crypto Wednesday. Is its no-withdrawals bitcoin service too restrictive or mainstream-friendly?
The news comes a day after the payments giant confirmed it's entering the cryptocurrency market.
There may be more upside for crypto than for PayPal's earnings, researchers wrote.
A recap of an exceptionally bullish week for bitcoin and crypto as a whole.
The latest rally leaves bitcoin up 80% year to date, an enviable performance that's bound to inspire the fear of missing out among some investors.
Bitcoin (BTC) has risen above $13,000 in less than 24 hours after it broke the $12,000 level on the news PayPal will support cryptocurrencies on its platform.
PayPal officially confirmed Wednesday it is entering the cryptocurrency market. The payments giant, with 346 million active accounts around the world, pledged to make crypto “a funding source for purchases at its 26 million merchants worldwide.”