PayPal just announced, the cryptocurrency will soon be available on its platform. PayPal had already announced in June 2021 that it would increase its capabilities in the crypto-asset sector.
As of 2021, the Americans will obviously be the first to benefit from new services offered by PayPal. They will be able to buy, sell and pay in cryptocurrency. Initially, this will be possible with Bitcoin, Bitcoin Cash, Litecoin and Ether. PayPal has indicated that other currencies may be added in the future. The essential element for the addition of new cryptocurrencies will be the legality of the latter.
This announcement created strong upward movements in a few hours (between 10 and 15% generally depending on currencies). Why such an increase? PayPal currently has 346 million active accounts and a merchant network of 26 million users. In the long run, half a billion people could have access to cryptocurrency on a daily basis. This ease of access to the cryptocurrency market could create strong buying demand and significantly increase the number of transactions every day.
Like Revolut, PayPal will use Paxos Trust Compagny to develop its services. Business to follow because it risks boosting markets. We look forward to the next news!
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https://www.presse-citron.net/sur-paypal-il-sera-bientot-possible-dacheter-des-crypto-monnaies/
https://fr.cryptonews.com/news/derniere-heure-paypal-va-accepter-le-bitcoin-et-autres-crypt-8097.htm
https://l-frii.com/paypal-les-crypto-monnaies-debarquent-sur-la-plateforme/
https://www.paypal.com/be/webapps/mpp/home?locale.x=fr_BE
https://www.paxos.com/company/
