Why PayPal’s latest crypto move is huge for the industry – DL News
The Roundup
- PayPal muscled further into crypto this week.
- That’s a risk to native crypto firms.
- But some say it’s also an opportunity.
A version of this article appeared in our The Roundup newsletter on August 1. Sign up here.
Hello there! Eric here.
PayPal is further dividing the crypto landscape — and that’s a good thing.
That’s the upshot from the conversations I’ve had this week after the $67 billion giant announced plans to let people pay small businesses in crypto.
Users will be able to make international payments using over 100 different cryptocurrencies, a range that spans recognised assets like Bitcoin to, eh, less established ones like Fartcoin.
“Businesses are facing more pressure than ever in today’s environment, and…
