Paypal has just made known in the evening that its payments application would now allow to pay in bitcoins and other cryptocurrencies, as easily as with any other more traditional currency. A new possibility that could massively boost the adoption and democratization of crypto assets.
Paypal and Bitcoin: a no-brainer
Of course, anyone who is a little concerned with the crypto industry and a little connected to Bitcoin news will see this as just the next logical step, as Paypal and Bitcoin have been circling each other for so long. Nevertheless, the news is having a small effect: Paypal has just announced in the evening that BTC and crypto payments have officially become available on the eponymous application.
This information sounds like a (happy) shot in the arm, in a crypto market with a notoriously gloomy atmosphere in recent days. The official website has already been updated with colorful and cheerful tutorials, which will reassure the tens of millions of Paypal users, who are not necessarily used to the cultural codes of the crypto ecosystem.
In addition to Bitcoin, Paypal will offer to use various other crypto assets such as Litecoin or Bitcoin Cash for everyday payments.
Don’t get me wrong: while the announcement was predictable, it is nonetheless historic! Will this be the booster that global adoption is sorely lacking? And more prosaically, will this news be the spark that will restart a crypto bull run currently on pause?
