Paypal has added bitcoin as one of the medium to trade for sellers of intangible assets like music, games,movies, podcasts, etc.
Paypal explains this step to be one of the 'making-life-simpler' step and says that it will provide convenience for merchants and will make it easier to accept payments in bitcoin.
However, paypal is treading cautiously towards this road, as not to angry people who are becoming against the use of bitcoin.
This is what they have to say about this :-
" To be clear, today’s news does not mean that PayPal has added Bitcoin as a currency in our digital wallet or that Bitcoin payments will be processed on our secure payments platform. PayPal has always embraced innovation, but always in ways that make payments safer and more reliable for our customers. Our approach to Bitcoin is no different. That’s why we’re proceeding gradually, supporting Bitcoin in some ways today and holding off on other ways until we see how things develop. "
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