PayPal Opens Crypto Payments for Millions of Merchants

Today on the Brief:

BTC micro futures coming to CME

Michael Jordan is now an NFT investor

Bitcoin doesn’t care about Treasury yields

Our main discussion: PayPal has begun rolling out its crypto checkout tools to millions of merchants. NLW breaks down:

Why payments for day-to-day items have been historically deprioritized for Bitcoin and Ethereum 

Why the PayPal checkout tools are unlikely to shift the primary use case from store of value style functions to medium of exchange

Why the liquidity and utility PayPal crypto checkout creates still adds significant value to these crypto assets

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