PayPal's Support is the Best Thing That Could Happen to Bitcoin

Great news:

Fairly or not, bitcoin still has an image problem. For every VC who extols the innovative power of the digital currency, pop culture still sees it as a way for the paranoid cyber-libertarian to shop for black-tar heroin on the Silk Road. All the more reason, then, that bitcoin fans should rejoice that, in a move announced Monday at Techcrunch’s Disrupt conference, PayPal is supporting the crypto-currency on its Braintree payments platform. When the internet’s most mainstream brand for moving money embraces a technology, it’s hard to see that system as a fringe operation.

[Update] PayPal's newest ad mentions Bitcoin.

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