PayPal clip: "We can spend Bitcoin with a tap without a pocket"

A PayPal clip on Youtube, posted yesterday, apparently indicates that the payment processor is at peace with Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term.

Branded "A People Economy, Now More Powerful than Ever", a chorus of people chants the merits of a revolutionary way of making all sorts of Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term.

It coincides with their subsidiary Braintree's recent announcement to launch one-touch and Bitcoin payments, although the clip doesn't mention this explicitly.

10 seconds in, the chorus says:

"Our phone is our wallet. We can spend Bitcoin with a tap without a pocket."

Bitcoin had previously been touted as a threat to PayPal's business, but a series of developments over the past 6 months have indicated that the payment processor and their parent, eBay, are warming up to working with the cryptocurrency. This comes a long way from reports of them censoring Bitcoin-related sales earlier this year.

Understandably, the clip has generated much excitement in the community, with a reddit thread currently at 672 comments.