Post
Topic
Board Economics
Re: Paypal bought up to 70% of all the newly mined bitcoin recently
by
Sithara007
on 08/12/2020, 05:58:10 UTC
I think paypal getting into bitcoin is a good thing, just think of how many new people will be interested in crypto.
People have trust in these large corporations so when they start implementing bitcoin it will help it to get mainstream.

Completely agree with this. A lot of people have reservations, due to the lack of a clear legal status for cryptocurrency. And this is where the entry of PayPal can make the difference. PayPal is a widely recognized brand name, being in the payment processing sector for more than two decades. This can actually prompt some of the undecided investors to consider investing in Bitcoin.