This is interesting. This is likely very positive. I do not *think* they would 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... and I do not doubt PalCoin is likely.
I think this smells. They have known about Bitcoin and other crypto companies since 2012/2013. They could have bought any number of them then for cheap, and enabled crypto payments a long time ago.
So why now?
The likely culprit is that their profits are falling, and they're looking for another way to lock in users into their payment services platform. And also to scoop 0.5% on every crypto buy/sell. It is all greed driven, that is all. Absolutely nothing altruistic about it.
Risk vs return. Public companies have to abide by strict rules. Without any regulations public company cannot invest in assets used by pornographers, terrorists, druggies. They have responsibility to their share holders, and they can't take the risk of investing millions only to find out a day later that FinCen declared any holding of BTC as illegal. It's preposterous to slam first companies when they start dipping their toes in the water. Good thing is honey badger doesn't care about your silly purity tests. Grease the wheels and support companies taking the first risk.
I won't mention other 3 coins they are selling.
BUT I will say this. MY gpu's mining shitcoins on nicehash have increased their earnings 20% since PayPal starting selling coins.
At least some people understand the complexity of the crypto universe
What coins existed when btc cracked 1000 usd the first time.
hmm was it btc and no other coin? nope it was multiple coins.
and when btc cracked 10000 for the first time was it btc and just the coins from 2013 nope it was additional multiple coins.
when btc cracked 20000 for the first time and it did here and there back in 2017 they were many coins.
I propose that when it cracks 30000 for the first time. it will not only use multiple coins it will use
paypal
and a few major banks to get there.