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RE: PayPal Purchased 70% Of All Mined Bitcoin Last Month: Examining The Possible Market Implications
I think that PayPal would need quite a lot of Bitcoin to meet it's demand. I'm also thinking that demand for crypto paired with PayPal services will increase more rapidly than I think the company is prepared for. Simply consider the Visa rewards card that yields Bitcoin. PayPal is designed for this more so than credit card companies.