O decision to open its network to bitcoin and its rivals was hailed by virtual coin enthusiasts as a watershed moment for cryptocurrencies and their path towards becoming a widespread means of payment. O have announced plans to accept digital assets over the past 10 years, but none have prompted large-scale adoption by cryptocurrency users as a means of payments. Large companies from computer maker Dell Inc [DI. N , the payments company led by Twitter boss Jack Dorsey, has been offering crypto buying and selling in its increasingly popular P2P payment app Cash since Online brokerage Robinhood Markets Inc has been offering crypto trading since and has seen overall business boom this year. Such coins are a world away from the ethos of bitcoin, which sought to subvert the financial establishment by doing away with a central issuer or authority. account holders to hold cryptocurrencies and shop with them at its 26 million merchants. FILE PHOTO: The PayPal logo is seen during an event at Terra Gallery in San Francisco, California May 21, It is also likely to prepare the company for the advent of mainstream digital coins, like those that could be developed by central banks, they added. The company said it hoped the service would help cryptocurrencies become more useful, while readying its network for the emergence of more mainstream digital coins. PayPal Chief Executive Dan Schulman said ahead of the launch that the company was working with regulators on central bank digital currencies. Through the move PayPal is also broadening the suite of products within its wallet, reflecting a winning strategy by Chinese rival Ant Financial, whose popular Alipay digital wallet includes services such as payments, loans and insurance. UL] to travel site Expedia Group Inc EXPE. The real question, however, is whether people will actually want to spend their cryptocurrencies, which are seen by many as a store of value, experts said. But that association might benefit PayPal more than cryptocurrencies, other experts suggested. The California-based company plans to expand the service to Venmo, its peer-to-peer payment app popular with younger consumers, by the first half of next year. PayPal was a founding member of Libra but dropped out after a few months. By making settlement happen through traditional, or fiat, currencies, it also allows merchants to avoid exposure to volatility risk when accepting cryptocurrency payments. O Libra gaining wide traction.
Anna IrreraTom Wilson 6 分で読む App paypal game Reuters - PayPal Holdings Inc's PYPL. Plans have been spurred on by the https://birmandmitry.ru/game/gog-games-best.html of privately-issued tokens such as Facebook's FB.
Reporting by Anna Irrera and Tom Wilson in London; Editing by Rachel Armstrong and Pravin Char.
Then the question is, would someone want to use it for merchant transactions, which is more of an unknown.