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

Photo:

A PayPal clip on Youtube, posted yesterday, apparently indicates that the payment processor is at peace with Bitcoin.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

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.

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

Suggested articles

Blockchain Key Players to Gather in Bloconomic Expo 2019Go to article >>

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.