PayPal Users can now Trade Bitcoin

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Once upon a time, in June 2019, PayPal’s founding and former CEO called bitcoin “a scam.” That same year, PayPal signed on to Facebook’s Libra Association, but then bailed from the project in October.

Turns out PayPal had its own crypto currency plans in the works. On Wednesday, the company announced a new service for Pay Pal users to buy, sell, or hold crypto currencies.

What currencies can users hold: bitcoin, ethereum, bitcoin cash, and lite-coin. All that directly within the PayPal digital wallet (with a Venmo expansion planned in 2021)

This feature is rolling out to U.S. account holders in the next few weeks.

PayPal’s ginormous merchant market (26+ million) means that it will soon be much easier to buy goods with crypto. PayPal will settle transactions with fiat currencies, so stores needn’t worry about juggling volatile Bitcoin to USD transfers.

If bitcoin had its own POV: Brick by brick, institution by institution, the O G cryptocurrency is gaining adherents. Also, bitcoin’s price is up 23% in a month.
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Crypto Trading
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