A lot of people are worried about the security of their digital currency, and PayPal is the first major online payment company to announce that it’s shutting down its Bitcoin integration.
The announcement comes as the digital currency continues to rise in popularity.
The decision comes as PayPal is under pressure from the Bitcoin community to halt the service.
Last week, the company announced that it would suspend bitcoin trading on its platform as of May 3.
PayPal also announced last week that it will no longer accept bitcoin in payments.
PayPal will continue to process payments using bitcoin and other digital currencies through April, according to a company statement.
The company said in a blog post that the decision was made because PayPal has made the decision “to transition to a new payment mechanism that does not support bitcoin and that does require a new wallet and service.”
The decision means that, by the time payments have been processed, users will be unable to use PayPal to send or receive payments.
However, the announcement also means that PayPal is continuing to support the use of bitcoin as a means of payment.
The move comes as many other major online payments companies have announced plans to stop accepting bitcoin.
PayPal, for instance, said it would no longer support bitcoin payments.
However, some bitcoin users believe the move is a good move for the digital asset.
“The PayPal shutdown is a huge victory for bitcoin,” said Ryan Kelleher, chief digital officer of Bitcoin startup BitPay.
“It will give bitcoin users an easy, inexpensive and secure alternative to PayPal.”
Bitcoin, also known as the anonymous cryptocurrency, is a decentralized digital currency that uses cryptography to prevent a third party from being able to trace payments.
Bitcoin is not backed by any central entity.
It is a form of digital currency.
The digital asset is also gaining popularity because of its decentralized nature.
Many people are using it to pay for goods and services, such as online dating, online gaming, and more.
The digital currency has also grown in popularity because people can easily transfer money and items between each other.
The announcement by PayPal comes as bitcoin prices have skyrocketed, reaching a high of more than $1,000 per coin.
PayPal said in its announcement that it has also launched a Bitcoin-focused website.
It said that the site will have tools to help customers better understand how bitcoin works.
“As a new service provider, we want to give people the tools to understand bitcoin,” PayPal said.
“And as a digital currency is gaining popularity, we are investing in ways to make it easier for people to use it.
That’s why we have launched our first Bitcoin-specific website, bitcoin.paypal.com, which is the home for the currency.”
The announcement of PayPal’s decision comes on the heels of a recent crackdown by the U.S. Department of Justice on illegal bitcoin trading.
The crackdown included a crackdown on the trading of bitcoin-based products, and an investigation of PayPal.
The department announced that more than 500 merchants, companies, and individuals have been indicted on criminal charges for violating the Computer Fraud and Abuse Act, including Bitcoin.