{"id":36390,"date":"2021-02-12T21:06:37","date_gmt":"2021-02-12T19:06:37","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36390"},"modified":"2025-08-29T06:07:32","modified_gmt":"2025-08-29T03:07:32","slug":"paypal-to-refrain-from-holding-reserves-in-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/paypal-to-refrain-from-holding-reserves-in-bitcoin\/","title":{"rendered":"PayPal to refrain from holding reserves in Bitcoin"},"content":{"rendered":"<p>PayPal is not considering purchasing cryptocurrencies, such as Bitcoin. This was stated by PayPal&#8217;s chief financial officer John Rainey in an interview with CNBC, <a href=\\\"https:\/\/finance.yahoo.com\/news\/paypal-unlikely-invest-cash-cryptocurrencies-034748041.html\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">Reuters<\/a> reports.<\/p>\n<p>\\n<\/p>\n<blockquote>\n<p>&#8220;We are not going to invest corporate funds in such financial assets, but we want to seize the opportunity for growth,&#8221; the senior executive explained.<\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p>Earlier, Elon Musk&#8217;s Tesla <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musks-tesla-invested-1-5-billion-in-bitcoin-the-assets-price-rose-to-44800\">invested $1.5 bn in Bitcoin<\/a> and announced plans to integrate the cryptocurrency as a payment method for its products.<\/p>\n<p>\\n<\/p>\n<p>General Motors is also considering a similar possibility in <a href=\"https:\/\/u1f987.com\/en\/news\/uber-to-consider-accepting-bitcoin-payments\">Uber<\/a>.<\/p>\n<p>\\n<\/p>\n<p>However, there is no talk of holding a portion of reserves in Bitcoin. Such a question is being studied at <a href=\"https:\/\/u1f987.com\/en\/news\/twitter-cfo-signals-potential-investment-in-bitcoin\">Twitter<\/a>.<\/p>\n<p>\\n<\/p>\n<p>Earlier, RBC Capital Markets analysts <a href=\"https:\/\/u1f987.com\/en\/news\/rbc-capital-markets-apple-should-buy-bitcoin-and-launch-a-crypto-exchange\">urged Apple to buy Bitcoin<\/a> and launch a cryptocurrency exchange.<\/p>\n<p>\\n<\/p>\n<p>In February, in MicroStrategy&#8217;s &quot;Bitcoin for Corporations&quot; program, representatives from <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-ceos-view-on-bitcoins-potential-attracts-6900-companies\">6,917 different companies<\/a> participated.<\/p>\n<p>\\n<\/p>\n<p>Follow ForkLog\u2019s news on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PayPal is not considering acquiring cryptocurrencies, such as Bitcoin. This was stated by the payment giant&#8217;s chief financial officer John Rainey in an interview with CNBC, Reuters reports.<\/p>\n","protected":false},"author":1,"featured_media":36391,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,182],"class_list":["post-36390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-paypal"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=36390"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36390\/revisions"}],"predecessor-version":[{"id":36392,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36390\/revisions\/36392"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36391"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}