Bitcoin\u00a0reached the $12000\u00a0level again, which the last time was 18 August.\u00a0 Experts say that the main reason is\u00a0PayPal\u00a0announcing the new service enabling users to buy, hold, and sell the cryptocurrency. This kind of movement will cause to attract a new customer base, and people enter the crypto world. Adding such type of services will make it effortless to\u00a0buy,\u00a0hold, and\u00a0sell\u00a0cryptocurrencies.\u00a0Dan Schulman, president and CEO of PayPal, highlighted the importance of adding this feature:\r\n\u201cThe shift to digital forms of currencies is inevitable, bringing with its clear advantages in terms of financial inclusion and access, efficiency, speed and resilience of the payments system, and the ability for governments to disburse funds to citizens quickly.\u201d\r\n\r\n \r\n\r\n\u201cOur global reach, digital payments expertise, two-sided network, and rigorous security and compliance controls provide us with the opportunity, and the responsibility, to help facilitate the understanding, redemption, and interoperability of these new instruments of exchange. We are eager to work with central banks and regulators around the world to offer our support, and to meaningfully contribute to shaping the role that digital currencies will play in the future of global finance and commerce.\u201d\r\n \r\n\r\n\r\n\r\nIn the early stage,\u00a0PayPal\u00a0adds some most-used cryptocurrencies such as\u00a0Bitcoin,\u00a0Ethereum,\u00a0Bitcoin\u00a0Cash, and\u00a0Litecoin. These cryptocurrencies will be available on the digital PayPal wallet. Accountholders in the USA can use this service in the following weeks. The company plans to expand its service beyond the USA in the\u00a0first half of 2021. The services will be made available with the partnership of\u00a0Paxos Trust Company.\r\n\r\nFrom the first half of 2021, users can use their cryptocurrencies with\u00a026 million\u00a0PayPal merchants and users around the globe. Consumers will be able to convert their cryptocurrencies to fiat currencies with no incremental fee. Cryptocurrencies will be on the wallet, and the usage of them will be straightforward with PayPal.\r\nPaypal May Issue Own Cryptocurrency, Says Demirors\r\nAccording to Meltem Demirors, CSO at digital asset management firm\u00a0CoinShares, PayPal may issue its own cryptocurrency soon. During the interview on\u00a0CNBC\u2019s Fast Money, Demirors talked about the possibility of launching cryptocurrency:\r\n\u201cI wouldn\u2019t be surprised if, in the next six to 12 months, we see PayPal launching its own digital currency similar to a digital dollar that we see in many payments companies.\u201d\r\nDemirors\u00a0mentioned that after leaving the Libra Association, PayPal may be interested in launching its own one.