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Why PayPal's Bitcoin Support Is a Big Deal

TheMotleyFool

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Why PayPal's Bitcoin Support Is a Big Deal

PayPal (NASDAQ: PYPL) will soon allow you to buy and sell cryptocurrency on its app. The payments company will expand the service to Venmo, and eventually, allow users to use their crypto to make purchases at the over 26 million merchants that accept PayPal. The announcement was viewed as a positive for both PayPal and bitcoin investors.

Here's why there's a lot to like about PayPal's embrace of cryptocurrency.

Image source: PayPal.

Source Fool.com

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