MrGuvernment
Fully [H]
- Joined
- Aug 3, 2004
- Messages
- 21,843
https://consent.yahoo.com/v2/collec...-session_ac7835a8-8a3c-47f0-b15d-4d66fba0b2c6
PayPal trying to stay relevant? BC jumped up over $12k....
PayPal trying to stay relevant? BC jumped up over $12k....
LONDON (Reuters) - PayPal Holdings Inc <PYPL.O> said on Wednesday it will allow customers to hold bitcoin and other virtual coins in its online wallet and shop using cryptocurrencies at the 26 million merchants on its network.
The new service makes PayPal one of the largest U.S. companies to provide consumers access to cryptocurrencies, which could help bitcoin and rival cryptocurrencies gain wider adoption as viable payment methods.
The San Jose, California-based company hopes the service will encourage global use of virtual coins and prepare its network for new digital currencies that central banks and companies may develop, President and Chief Executive Dan Schulman said in an interview.
"We are working with central banks and thinking of all forms of digital currencies and how PayPal can play a role," he said.