Thursday, February 29, 2024

Almost 20% of Paypal users have traded Bitcoin

By DAC000 , in Bitcoin Cryptocurrency paypal , at December 4, 2020 Tags: , ,

since Paypal’s surprise announcement last October that users could now use their service to buy and sell Bitcoin, reportedly some 17% of users have traded the cryptocurrency. Even more interesting, 65% of have said they would use Bitcoin to pay for goods & services. About a two minute read.

Comment: Paypal’s surprise but welcome embrace of Bitcoin was part of a broader trend which was well documented here at Fintech Flash News; cryptocurrency is going mainstream. While governments clearly aren’t thrilled with cryptocurrencies, presently there is little they can do to stop people from acquiring assets such as Bitcoin. I suspect this party will last for a few years until Central Bank Digital Currencies — also well covered here — are a viable alternative.