Bitcoin Surges As PayPal Acceptance Announced

Simply gigantic news for cryptocurrency fans today, as Bitcoin (and some of its crypto competitors) will reportedly be added to PayPal — a move that Bitcoin users have fantasized about and wished for, for quite some time, it sounds like.

PayPal announced it is adding cryptocurrency support in the coming weeks.

From MSN: “On Wednesday, PayPal announced it will start offering users the ability to buy, sell, and hold cryptocurrencies through their online wallets. The company also said it would allow its 26 million merchants use cryptocurrency for payments.”

The article says PayPal will initially support buys and sells of four cryptos — Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.

What do you think of this move by PayPal? Do you support the further adoption of cryptocurrencies — or would you prefer to see payment services like PayPal continue to focus on traditional currencies? Let us know in the comments section below or over on our Facebook page!