PayPal Just Gave 346 Million People A New Way To Buy Bitcoin—But There’s A Nasty Catch

The bitcoin and cryptocurrency community has been set alight by news payments giant PayPal

PYPL
will allow its 346 million users buy and spend bitcoin and a handful of other major cryptocurrencies.

The announcement, coming from a traditional financial industry giant and perceived enemy of bitcoin, has been taken as vindication for long-time bitcoin believers.

However, celebrations were somewhat stifled by small print that revealed PayPal wouldn’t let users transfer their…