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Dissecting the payment giant’s bitcoin announcement

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Image: Licenses adobe stock, by Dmytro S

Today, 21st October 2020, at approximately 12.45pm UK time, the giant payment processor known as PayPal suddenly announced via Reuters that it would “allow customers to buy, sell and hold bitcoin and other virtual currencies using the [..] company’s online wallets.”

Many of us in the industry knew that PayPal had been hanging around the “alternative” digital payments scene for some time, having initially been involved with Facebook’s Libra project when it began back in June 2019. …

About

Jason Deane

I blog on things I am passionate about: Bitcoin, writing, money, life’s crazy turns and being a dad. Lover of learning, family and cheese. (jasondeane@msn.com)

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