Analysis: The curious case of PayPal’s crypto play

Volatile assets like Bitcoin and established companies such as PayPal make for an odd match, but it’s one that could pay dividends

Emmet Ryan

Technology Correspondent @emmetjryan
22nd October, 2020
Analysis: The curious case of PayPal’s crypto play
Challenger payments providers such as Revolut and Square have long permitted the use of crypto currencies such as Bitcoin but PayPal’s decision is a big change in direction. Picture: Getty

PayPal has announced it will start allowing some crypto currencies to be stored and moved, but the reasoning behind the move is tough to comprehend.

Challenger payments providers such as Revolut and Square have long permitted the use of crypto currencies but PayPal’s decision is a big change in direction. The process will start rolling out in the US over the next few weeks, with Bitcoin, Ethereum, Litecoin and Bitcoin Cash (a spin-off from Bitcoin)...

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