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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