When PayPal allowed users in the United States and Britain to buy bitcoin or accept it for payments, it became one of the highest-profile examples of a major financial institution promoting cryptocurrency, helping to propel bitcoin to its record high last November.
Edwin Aoki, CTO of PayPal’s blockchain, crypto and digital currencies unit, speaking at a PayPal event in Sydney.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au