Jeremy Allaire of Circle looks to already have access to PayPal’s crypto services

Quick take

1 minute read

• Circle CEO, Jeremy Allaire posted an interesting tweet on Twitter yesterday saying that he’d bought $100 in bitcoin on PayPal.

• Last week, the payments giant announced that it would be entering the crypto space in the early months of 2021. 

Circle CEO, Jeremy Allaire posted an interesting tweet on Twitter yesterday saying that he’d bought $100 in bitcoin on PayPal.

Last week, the payments giant announced that it would be entering the crypto space in the early months of 2021. Whereas the reaction from the community was mixed in some regards, the general Consensus indicated that many people are excited about this development. 

Getting in early

As we say, officially the rollout of the crypto services from PayPal is set to launch in early 2021 but on the 28th of October this week, the co-founder and CEO of the crypto payments company, Jeremy Allaire has claims to use the application to buy $100 worth of the leading cryptocurrency. You can see his screenshot as evidence on Twitter below:

Bought $100 in BTC on @PayPal ! Great milestone for the market! pic.twitter.com/jsxAxTpGgK

— Jeremy Allaire (@jerallaire) October 28, 2020

Annoyingly, Allaire didn’t clarify or give any further description as to how he was able to access this service before it is officially rolled out to next year.

If you look into the comment section of the tweet, many people were quick to say only negative things about PayPal and its entrance into the crypto space. 

For some people, it is simply down to trust:

Wow. It's live! I prefer Square. I barely trust PayPal to handle an eBay payment for me and I never leave a penny on their site.

— jratcliff63367 (@jratcliff) October 29, 2020

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.