The world renowned merchant and payment company PayPal has plans to set up trading cryptocurrencies such as Bitcoin to its 325 million users. This would inevitably bring an influx of new clients to the digital assets by giving them direct exposure as an option to buy and sell directly from their PayPal accounts.
This may sound like a sudden out of the norm surprise for many. But it's worth noting that PayPal had interest in cryptocurrencies by being closely affiliated with COINBASE since 2016, they were offering fiat deposits and withdraws. Therefore in my opinion it was only a matter of time before PayPal decided to offer cryptos directly to their users instead via a third party.
It has not been declared at this time what assets would be offered by them but we should expect Bitcoin, Ethereum, Litecoin, XRP just to name a few. PayPal would be working towards integrating a built-in wallet to store the assets in one place too.
A source confirmed, 'We should be expecting services within three months or possibly even sooner'. We have now come to a stage of cryptocurrency adoption where almost every week articles are published regarding firms adopting the change. With each new firm coming on aborad and exposing cryptos to their clients, we rocket towards mass adoption at a accelerated pace. This may result in the most explosive bull market yet to come.
Hope you found this article informative and if you're a PayPal customer keep a eye out for the changes announced. Follow for more latest news posted daily and feel free to read through my previously articles.
Thanks for reading,
Vee
