PayPal, Bitcoin and the Road Ahead

Dissecting the payment giant’s bitcoin announcement

Jason Deane
Oct 21, 2020 · 8 min read
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.”