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PayPal Adds Bitcoin: Most Bullish News of the Year?

PayPal will offer its U.S. customers buying and selling of crypto, with support for payments to its merchant network next year.

Breakdown 10.21

PayPal will offer its U.S. customers the option of buying and selling crypto, with support for payments to its 26 million-strong merchant network coming next year.

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For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

This episode is sponsored by Crypto.comNexo.io and Elliptic.

In this late-breaking Breakdown episode, NLW explores:

  • The specifics of the news
  • Why the scale, precedent and normalization are hugely bullish
  • What some skeptics are saying
  • Why it’s significant PayPal is focused on the coming central bank digital currency era

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.

Nathaniel Whittemore