PayPal takes on Bitcoin as CEO calls move to digital assets 'inevitable'

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PayPal is moving into the digital asset space after announcing that it will onboard cryptocurrency services for U.S. customers beginning in 2021.

Bitcoin, a popular cryptocurrency, rocketed above $12,500 per coin on Wednesday afternoon after the online payment giant announced it would begin a rollout of services to purchase, sell, and hold the digital asset in the company’s digital wallet.

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