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PayPal’s Move Is Good for Crypto Adoption but Not So Much for Profits: Morgan Stanley

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PayPal’s Move Is Good for Crypto Adoption but Not So Much for Profits: Morgan Stanley

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PayPal’s pledge to support cryptocurrency as a funding source for 26 million merchants will likely benefit mass cryptocurrency adoption more than it will boost the payments firm’s bottom line, Morgan Stanley researchers said in a Wednesday report obtained by CoinDesk.

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