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Circle CEO Jeremy Allaire Seems to Already Be Using PayPal to Buy Bitcoin

by CBDC Insider
October 29, 2020
in Business, US
Reading Time: 1min read
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Circle CEO Jeremy Allaire Seems to Already Be Using PayPal to Buy Bitcoin
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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.

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

— Jeremy Allaire (@jerallaire) October 28, 2020

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Allaire did not clarify how he had accessed the service prior to its official rollout, nor specify whether he had a promotional arrangement with PayPal to use and advertise the forthcoming service. As of press time, PayPal has not responded to Cointelegraph’s request for comment.

Read more: https://cointelegraph.com/news/circle-ceo-jeremy-allaire-seems-to-already-be-using-paypal-to-buy-bitcoin

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