Posts

Paypal’s Interest In Buying Crypto Firm

avatar of @fun2learn
25
@fun2learn
·
0 views
·
1 min read

After the big breaking news that Paypal would be intergrating Crypto into its payment system, another wonderful news came that indicated its interest in acquiring its own cryptocurrency companies.

Paypal had shown its interest in purchasing BitGo. With its entrance into the cryptocurrency market, it does make sense to have its own cryptocurrency firm.

With the coming integration of cryptocurrency into the Paypal system, it would probably need a cryptocurrency exchange service. By getting its own cryptocurrency firm, it would not need to depend on external exchange as well as gaining a nice long-term profit.

The future of cryptocurrencies has certainly been injected with a firm foundation with Paypal allowing purchases of physical products directly using cryptocurrencies.

We can easily imagine the huge pool of Paypal users that start to use cryptocurrencies for payment as well as keeping cryptocurrencies in their Paypal wallets as an investment when they understand the value of future digital money.

This news would certainly ignite a new wave of Bitcoin wild purchase since many would predict the increase of price for Bitcoin soon or later.

Reference: https://www.coindesk.com/paypal-said-to-be-in-talks-to-buy-crypto-firms-including-bitgo-bloomberg