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…

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