PayPal Holdings Inc. shares are up 0.5% in midday trading Monday after it was revealed that the company recently filed for a patent related to bitcoin. The company’s patent filing was for an “expedited virtual currency transaction system” and was flagged by Bitcoin.com. Such a system could potentially speed up bitcoin transactions and be anonymous. Shares of PayPal were originally down to start the day after the Wall Street Journal reported that Amazon.com Inc. was interested in creating its own product similar to a checking account. PayPal’s stock is up 84% so far this year, while the S&P 500 Index has gained 14%.
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