PayPal’s Crypto Caper: Send Bitcoin, Ethereum & Confusion with a Wink!
According to a press release that surely felt like the debutante ball of fintech announcements, American users will soon have the privilege of shooting Bitcoins, Ethereums, and assorted digital chimeras back and forth within the app. Transferring to PayPal, Venmo, or even to those mysterious “other digital asset wallets” (like secret compartments in an 18th-century banker’s desk) will be child’s play. It’s the modern equivalent of handing out IOUs but with more encryption and fewer promises kept.