The Resistance to Bitcoin on PayPal Has Already Begun
News broke this morning that PayPal, the company that kickstarted the online money transfer industry, will start allowing users to buy Bitcoin via its app and website. Some have hailed the move as a decisive moment for Bitcoin adoption and cryptocurrency markets have responded favorably, with the price of BTC briefly hitting $13,000 today. But others think PayPal's forthcoming feature is a bad look for the world’s largest cryptocurrency, primarily because of what it lacks.
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