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PayPal Rolls Out Crypto for All US Customers

Crypto Twitter reacts to the announcement and answers the question: Just how big a deal is this?

By Nathaniel Whittemore

Updated Sep 14, 2021, 10:30 a.m. Published Nov 13, 2020, 8:00 p.m.

Crypto Twitter reacts to the announcement and answers the question: Just how big a deal is PayPal?

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This episode is sponsored by Crypto.com and Nexo.io.

Today on the Brief:

Christine Lagarde’s digital euro hunch
Deutsche Bank CBDC note
COVID-19 resurgent

Our main discussion on PayPal:

PayPal is rolling out crypto to all its users and increasing transaction limits from $10,000 to $20,000. In this episode, NLW breaks down the community response to the news, including an interesting discussion of whether the company’s BitLicense requires PayPal to hold 1:1 all the BTC its customers pay for.

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.

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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.