Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
PayPal is hiring crypto engineers amid rumors of Bitcoin integration
There have been a lot of rumors surrounding PayPal this week. A report suggested that the online payments giant plans to allow hundreds of millions of users to buy and sell crypto directly. Job vacancies for crypto and blockchain experts have added fuel to the fire. PayPal is yet to confirm whether the reports are true — but if they are, it could be a landmark moment in Bitcoin’s quest to go mainstream. As you’d expect, some of crypto’s best-known names saw this as a bullish sign, and they renewed predictions of BTC rallying to $12,000. But some — such as Decred co-founder Jake Yocom-Piatt — are dubious about the rumors. He told Cointelegraph: “PayPal, specifically, is notorious for depriving its users of access to legitimately acquired funds on their platform with little to no justification. Users having their funds restricted in this fashion is something cryptocurrencies are designed to prevent, making this integration, if it is indeed in progress, an odd combination.”