PayPal Opens Crypto Payments for Millions of Merchants

The old canard that you can’t buy coffee with bitcoin is less true than ever as PayPal rolls out crypto checkout for 29 million merchants.

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ABOUT

The old canard that you can’t buy coffee with bitcoin is less true than ever as PayPal rolls out crypto checkout for 29 million merchants.

This episode is sponsored by Nexo.io and Casper.

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Today on the Brief:

BTC micro futures coming to CME
Michael Jordan is now an NFT investor
Bitcoin doesn’t care about Treasury yields

Our main discussion: PayPal has begun rolling out its crypto checkout tools to millions of merchants. NLW breaks down:

Why payments for day-to-day items have been historically deprioritized for Bitcoin and Ethereum
Why the PayPal checkout tools are unlikely to shift the primary use case from store of value style functions to medium of exchange
Why the liquidity and utility PayPal crypto checkout creates still adds significant value to these crypto assets

Image credit: Weedezign/iStock/Getty Images Plus

HOST

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.