BREAKDOWN: PayPal Adds Bitcoin: Most Bullish News of the Year?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 21 October 2020
⏱️ 16 minutes
🧾️ Download transcript
Summary
Huge news broke this morning as PayPal announced that it would be offering buying, selling, and eventually merchant payments for bitcoin and other cryptos across its network.
This episode is sponsored by Crypto.com, Nexo.io and Elliptic.
In this late breaking Breakdown episode, NLW explores:
- The specifics of the news
- Why the scale, precedent and normalization are hugely bullish
- What some skeptics are saying
- Why it’s significant that PayPal is focused on the coming central bank digital currency era
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Audible brings your wildest adventures to life, delivering heart-pounding thrills at the touch |
| 0:05.8 | of a button. |
| 0:07.0 | Take Richard Osmond's The Thursday Murder Club, where four retirees turned amateur sleuths |
| 0:11.8 | solve crimes in the most unexpected ways, brilliantly performed by Leslie Manville. |
| 0:17.1 | Ready to unleash your adventure aside, from pulse racing suspense to epic quests, from supernatural |
| 0:22.6 | chills to far-off romances, every story comes alive through world-class narration. |
| 0:28.5 | Explore exclusive audible originals, chart-topping new releases, and unforgettable bestsellers |
| 0:34.4 | that transport you from the very first word, because the next great |
| 0:38.2 | adventure is just a listener way. Start your free 30-day trial at audible.com slash |
| 0:43.9 | Wondery, UK. That's audible.com slash Wondery UK. |
| 0:49.4 | All of these companies are setting themselves up to be the partner for central banks because |
| 0:54.9 | they believe that the shift to digital currencies is inevitable. |
| 0:59.4 | That's a huge part of this story and really, really important to watch. |
| 1:06.6 | Welcome back to The Breakdown with me, NLW. |
| 1:15.8 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:23.7 | The breakdown is sponsored by crypto.com, nexo.io, and elliptic, and produced and distributed by CoinDesk. |
| 1:33.7 | What's going on, guys? It is Wednesday, October 21st, and oh man, do we have a crazy one today. |
| 1:41.0 | PayPal has added support for Bitcoin and other cryptos, and I'm here to ask, is this the most bullish news of the year? |
| 1:45.1 | So first up, let's get into the actual announcement. |
| 1:48.5 | PayPal's press release was titled PayPal launches new service, enabling users to buy, |
| 1:53.9 | hold, and sell cryptocurrency. |
| 1:56.4 | The Reuters headline was PayPal to allow cryptocurrency buying, selling, and shopping on its network. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.