PayPal officials weren't thrilled after Bitcoin underwent its first price spike. After all, the famous crypto was a competitor to PayPal, threatening to overtake the world of online payments. PayPal's former CEO, Bill Harris, even called Bitcoin a massive pump-and-dump scheme. However, as BTC's popularity increased, PayPal's stance on cryptocurrencies changed. Apart from becoming available on many crypto exchanges and marketplaces, PayPal's officials even decided to make the electronic wallet a crypto wallet of its own.