The biggest online fintech payment service PayPal will offer full crypto hosting in 2021, which will allow to buy and sell, also Hodl crypto assets in clients accounts and give them the ability to spend it with their network of merchants all across the globe. The news come early last month and that's isn't all, the firm also will be able to support CBDCs in a new development statement from their CEO, the company will start giving support for digital currency made by Central Banks.
The worldwide company with more than 300M customers in the planet made and still making big repercussions on the crypto market as their integration of cryptocurrency services is a big catalyst to Bitcoin, Ethereum, Bitcoin Cash and Litecoin (the first cryptocurrencies that the firm will start giving support) and will be a big card to show the government that isn't anymore possible to stay outside this ecosystem.
The company will conduct all the necessary steps to enter into crypto with the assistance of Paxos Brokerage who will be their "right hand" to handle all operations on the crypto field and have the license to guide the destiny of Paypal in the acquisition of crypto assets.
To mention that the service will be offered to all customers, domestic and internationally, to be able to sell, buy and Hodl crypto assets in the coming year and that will surely change the world of finances as we know today. With the imminent creation of central bank digital currency the company based in San Jose will have a preponderant role in Hosting this kind of electronic payments and give it support and will be one of the first to interact with this kind of currency on their platform.
Well the world is evolving and the ones who believe in that will be the winners, and seems that Paypal is on the verge to be pioneer in inclusion of CBDCs on their portfolio of legal assets.
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