Institutional · October 21, 2020

PayPal enables Bitcoin for ~350M users

Price at event

$12,830

Today

$61,577

Since then

×4.8

First mass-market US payment company to integrate BTC. Custody-only initially (no withdrawals). Marks the start of consumer-app crypto features as table stakes.

⸺ Sources ⸺

primaryPayPal Newsroom — PayPal Launches New Service Enabling Users to Buy, Hold and Sell Cryptocurrency (Oct 21, 2020, primary press release) ↗
newsTechCrunch — PayPal to let you buy and sell cryptocurrencies in the US (Oct 21, 2020) ↗

← Earlier

Bahamas launches the Sand Dollar, the world's first nationwide CBDC

Later →

Harvest Finance exploited for ~$24M via flash loan

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