In 2014 Paypal announced that it was going to accept payments in bitcoin via a partnership with three major bitcoin payment processors , BitPay , Coinbase and GoCoin . In other words , Paypal users would be able to use their bitcoin wallet as a source or destination of funds for Paypal transactions , with the above three processors handling any necessary conversions between bitcoins and fiat currency ( dollars ) . Despite the above announcement , Paypal has not actively followed through , essentially shunning bitcoin , at least for now . Based on the readings , come up with ( 62 ) an argument in favor of Paypal accepting bitcoin payments , ( 60 ) an argument in favor of Paypal not accepting bitcoin payments , and , ( 60 ) an argument in favor of Paypal announcing it would accept bitcoin payments , but delaying as long as possible to actually implement that announcement