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Will PayPal Be a Game-Changer for Bitcoin?

TheMotleyFool

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Will PayPal Be a Game-Changer for Bitcoin?:

PayPal (NASDAQ: PYPL) recently announced that users would be able to buy, sell, and hold bitcoin in their Paypal accounts. But this wasn't the biggest news. PayPal also said that it plans to eventually make bitcoin and other cryptocurrencies usable as a payment method for purchases through PayPal's 26 million merchants.

Could this finally be the catalyst that leads to widespread adoption of cryptocurrencies as a method of payment? In this Nov. 30 Fool Live video clip, Fool.com contributor Matt Frankel, CFP, and Industry Focus host Jason Moser discuss the impact that PayPal and fellow fintech giant Square (NYSE: SQ) have had on cryptocurrencies, and what PayPal's recent announcement could mean for the industry.

Source Fool.com

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