PayPal to accept Bitcoin

We are one step closer to the prospect of using crypto to play online poker globally as the world's biggest eWallet is to allow Bitcoin.

Every now and then we check in on what is happening with cryptocurrency because not only does it look like the future of poker transactions, a lot of poker players take an interest in them.

You may have already noticed the poker community talking about Bitcoin a little bit more recently and yesterday we had a big story. PayPal has announced it will allow customers to trade and spend Bitcoin, Bitcoin Cash, Ethereum and Litecoin. US customers will have the option in the coming weeks with the rest of the world at the start of 2021. 

The price of Bitcoin broke the $12,000 mark following the news and is trading at around $12,876 at the time of writing. 

This could have implications for poker because, while this does not mean you will be able to direct deposit Bitcoin on poker sites that only use fiat currency, it is one step closer to being able to use Bitcoin in a PayPal wallet for poker, after converting it. Of our partner rooms, PokerStars, 888poker and most iPoker rooms accept PayPal. 

It is not the first eWallet that allows crypto spending and trading. Neteller has been allowing crypto transactions for some time now and most poker operators accept deposits from Neteller. However, with 346 million active users, PayPal is by far the biggest. 

This may be the tipping point for crypto to finally hit the mainstream, PayPal have already said they plan to educate their users on crypto. Perhaps this could be the eventual trigger for the main poker operators to start thinking about Bitcoin? 

Do you use cryptocurrency? Let us know in the comments: