PayPal enables crypto payments with Checkout launch

PayPal enables crypto payments with Checkout launch
фото показано с : invezz.com

2021-3-31 10:42

Payments giant PayPal is not looking back on its cryptocurrency services plan for its millions of users. The company has launched a “Checkout With Crypto” service that will enable users to make payments using cryptocurrencies at about 29 million merchants.

In last year, PayPal joined the crypto frenzy after enabling the buying, holding, and selling of cryptocurrency on its payment platform.

The Checkout will enable users to easily convert the top cryptocurrencies to U.S. dollars or other fiat currencies when making payments.

It will work as the debit or credit card would work when using PayPal in a PayPal wallet, which means the recipients of the cryptocurrencies will not be the merchants.

The news has elated the crypto community, with the price of some of the top cryptocurrencies consolidating shortly after the announcement on Tuesday. Bitcoin (BTC), in particular, rose by $1,000 less than 24 hours after the announcement was made.

Driving more mainstream adoption

PayPal’s Chief Executive Officer Dan Schulman commented on the development, saying it’s “a new way for businesses to get paid.” He added that the company’s goal is to drive more mainstream adoption of crypto assets, and Checkout was rolled out to accomplish that purpose.

The next chapter in driving massive adoption of digital assets is to enable crypto assets to make purchases around the world, PayPal revealed in a blog post.

PayPal said the new feature will be made available immediately to U.S. PayPal customers but will be available on a wider scale in the U.S. in the coming weeks. The payment giant said it has been working on the service since last year.

Some observers have commended the development, saying it will lead to more mainstream adoption of cryptocurrencies as payment methods. However, they argued that the volatility of Bitcoin and other cryptocurrencies have limited their wide use for buying goods and services.

The post PayPal enables crypto payments with Checkout launch appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

payments paypal checkout users crypto enable launched

Источник: invezz.com

payments paypal → Результатов: 126


Фото:

Paypal Enables Cryptocurrency Payments at Millions of Stores With ‘Checkout With Crypto’ Launch

Payments giant Paypal has launched the “Checkout With Crypto” service to allow consumers to make payments at millions of merchants using cryptocurrencies in their Paypal wallets. “This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your Paypal wallet,” said Paypal’s CEO. […]

2021-3-30 17:15


PayPal Investing ‘Heavily’ in Crypto, Launching a Cryptocurrency Business Division This Quarter

Payments giant PayPal is planning to launch a new business unit dedicated to cryptocurrency services. It is expected to be launched later this quarter. Trader Joe McCann, founder of NodeSource commented, “Digital wallets are a multi-trillion-dollar opportunity, so it's only natural PayPal announces a cryptocurrency business division.

2021-3-9 18:05


Фото:

PayPal Plans to Develop Extremely Advanced Crypto App

As digital payments continue to gain mainstream adoption, digital payment firms have begun to restructure their payment platforms to cater to the ever-growing number of cryptocurrency users. This is the case with the payment giant PayPal, whose CEO recently rolled out plans of integrating cryptocurrency with the payment platform while advancing user features. In a […]

2021-3-9 16:46


Фото:

Amazon Hints at Plans for a Digital Currency Payments Project

Major global companies like Square, PayPal, and Tesla have already invested or integrated cryptocurrencies into their business models. Now, Amazon, one of the largest retail companies on Earth, has released a job post looking for someone to develop a project that; “Will enable customers to convert their cash into digital currency using which customers can … Continued The post Amazon Hints at Plans for a Digital Currency Payments Project appeared first on BeInCrypto.

2021-2-12 13:33


Фото:

PayPal purchased 70% of all newly-mined BTC over the past month

Payments giant PayPal bought up to 70% of all newly-mined BTC over the past month since it started offering crypto services on October 21 this year. Pantera Capital, a hedge fund manager, unveiled this news in its most-recent monthly blockchain letter, adding that combined with Square’s Cash App, the two firms are purchasing more than 100% of all newly-issued BTC.

2020-11-24 14:55


Фото:

All Eligible PayPal Account Holders In The U.S. Can Now Buy And Sell Bitcoin

Payments giant PayPal has effectively lifted the waitlist for users looking to use its crypto service, allowing all eligible US customers to buy, sell, and hold cryptocurrencies. PayPal Opens Its Doors To All US Crypto Customers On Thursday, PayPal announced in a brief update to its original October 21 announcement that its crypto trading service […]

2020-11-14 00:32


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Около 260 млн игроков покинули игру Hamster Kombat

Популярная «тапалка» Hamster Kombat больше не популярна. Игроки массово покидают проект. В начале августа ежемесячное количество игроков Hamster Kombat оставляло более 300 млн человек. К ноябрю этот показатель обвалился до 40,9 млн.

Bitcoin Price Forecast: What To Expect In The Final 24 Hours Before US Election

As the US presidential election approaches, the Bitcoin price has found a stable support range between $68,000 and $69,000, just shy of its all-time high earlier this year.   While the cryptocurrency has struggled to surpass this significant milestone, investor sentiment remains cautiously optimistic, with expectations for further price increases tempered by anticipated market volatility in the upcoming hours.

BNB price unfazed as Binance burns 1.7M tokens

Binance has burned over 1.7 million BNB tokens as a part of its quarterly burning initiative. On Nov. 1, Binance, the world’s largest cryptocurrency exchange in terms of trading volume, announced its 29th quarterly BNB token burn, where it removed…