This is interesting.  This is likely very positive.  i do not *think* they would not be doing this if they were not bought into the ecosystem philosophically.  In other words if Bitcoin is just a precursor to PalCoin that's one thing... I I do not doubt PalCoin is likely.  But it seems they must recognize Bitcoin as having unique intrinsic value.  Obviously they are also thinking other "crypto" may as well.  But so be it. (I mean who am I, a Monero holder to judge? )

The only way this could be bad is if they were buying the other businesses to kill them.  But that does not make any sense.  They are picking the wrong ones, and there are too many for that strategy to work.

I think whoever is making the decisions at PP has a pretty good view of what the inevitabilities are.  They are wrong about BCash, but aint nobody perfect.