By Anna Irrera and Tom Wilson
LONDON (Reuters) - PayPal Holdings Inc's decision to open its network to bitcoin and its rivals was hailed by virtual coin enthusiasts as a watershed moment for cryptocurrencies and their path towards becoming a widespread means of payment.
But the move might do little to drag existing cryptocurrencies out of their niche in payments, according to many fintech specialists, as holders of such coins often view them as an investment asset akin to gold rather than as a means of spending.
PayPal's decision could, however, help the company attract new users in an increasingly competitive digital payments landscape where innovation is king, the experts said.
It is also likely to prepare the company for the advent of mainstream digital coins, like those that could be developed by central ...
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