PayPal chief financial officer John Rainey spoke this week about the likelihood Bitcoin would become a standard payment method online.
In the very near future, said Rainey, there’s a good chance Bitcoin could be accepted far more widely than it already is.
Speaking with the WSJ, Rainey suggested that there was a “very high likelihood” Bitcoin would become a “popular payment method.” “The technology, there is real merit to it,” said Rainey.
“I do think, though, it will be years down the road before we see the kind of ubiquity and acceptance that makes it a form of currency that is used every day.”
There’s currently no way to purchase Bitcoin on PayPal with PayPal alone.
Users must transfer cash away from PayPal to services like Paxful, LocalBitCoins, or Virwox.