Probably still this year paypal will be supporting Bitcoin. This is what Ari Paul, the co-founder of Blocktower Capital, says. This is a result of the recent investment of Square Jack Dorsey and MicroStrategy, who bought BTC worth tens of millions of dollars.
PayPal has been observing blockchain and cryptic world for a long time. The first signals reach 2018. Today, PayPal is looking for specialists in blockchain and crypto (it is a pity I am not him馃榾).
In the last annual report for the SEC, PayPal sees a cryptic step that may bring a threat to the company. So there is a signal that PayPal is serious about this. Even a few reports have pointed to this change.
Raport
Here is an interesting comment by Ari Paul tweet
Square news is cool, but Paypal has 10x the users. I think we'll see Paypal announce support for BTC by year end
Tyler Raynolds, who used to work with Google Payments, has a similar opinion.
He believes that it is PayPal that is the industry's most focused on becoming the pillar of retail payments using BTC:
Tweet
About 325 million people use PayPal services. If the company decides to enter the cryptic bitcoin would become immediately available to an extremely wide range of investors. I think that such a move has had a positive impact on the price of bitcoin and the wider adoption of a cryptocurrency in the world.
