Circle CEO Jeremy Allaire seems to already be using PayPal to buy Bitcoin

Cointelegraph

Published Oct 29, 2020 05:27AM ET

Updated Oct 29, 2020 07:20AM ET

There has been significant excitement in the industry since PayPal last week announced its intention to enter the cryptocurrency market. The rollout of its new crypto services — enabling both crypto payments and direct, in-app purchases of crypto — has been officially set for early 2021.

Yet on Oct. 28, the co-founder and CEO of crypto payments firm Circle, Jeremy Allaire, claimed to have used the PayPal app to buy $100 worth of Bitcoin (BTC), tweeting a screenshot of the apparent transaction.

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