Another aspect that has many excited is the network of 26 million merchants at which users will be able to spend their cryptocurrencies, with PayPal handling the fiat-crypto conversion. Over the years, however, the “buying stuff with crypto” use case has attracted relatively little attention, as the investment use case became more predominant. Why would people spend an investment asset, forgoing any potential gain? True, in some countries it might be easier to pay via PayPal using bitcoin, for instance, than dollars. But just because the service is now available does not mean that people will use it in significant numbers.
PayPal open a BTC holding facility, you can buy bitcoins and other crypto via PayPal.
Why? Because like I say, PayPal is essentially sharding a portions of the bloc chain and that enables them to use the shard portions for bitcoin payments.
But I have taken the other side, why not keep BTC as the optimum currency hedge? I am actually quite neutral, jump in on either side. Sandbox is neutral about this stuff, do what one wants.
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