PayPal’s Adoption of Bitcoin Appears To Have Had A Significant Effect On Bitcoin Pricing
PayPal’s mid-October launch of a new service which allows its U.S. users to shop with and speculate on cryptocurrencies seems to have had a significant positive effect on the trajectory of Bitcoin prices. PayPal’s program permits its U.S. customers to buy, sell or hold Bitcoin in their virtual wallets, which can also be used to purchase goods.