PayPal introduces crypto checkout service for US customers

PayPal introduces crypto checkout service for US customers
фото показано с : coinjournal.net

2021-3-31 13:34

PayPal revealed yesterday that its US customers can now use cryptocurrencies to pay for products and services at millions of its online merchants globally

Online payments giant PayPal announced yesterday that it had started allowing customers in the United States to use cryptocurrencies to pay for goods and services at millions of its online checkout terminals.

The company stated that customers who hold bitcoins (BTC), ether (ETH), or litecoins (LTC) in PayPal digital wallets could use them to pay for services at any PayPal checkout terminal. The funds would be converted to fiat currencies at checkouts to ensure smooth purchases.

President and CEO Dan Schulman told Reuters before the formal announcement, “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”.

The move is expected to boost cryptocurrency adoption in the e-commerce space as PayPal is used at over 26 million outlets globally. PayPal introduced this feature after declaring support for cryptocurrencies last year. The company began allowing users to buy, sell and hold cryptocurrencies in October.

Its entry into the crypto space made PayPal one of the leading mainstream financial companies to adopt cryptocurrencies. Indirectly, PayPal’s adoption helped propel BTC and altcoins to all-time high prices over the past few months.

The leading cryptocurrency is up by nearly 500% since October 2020, when it was trading just above the $10,000 mark. It reached an all-time high of $62,000 a few weeks ago, after rising by more than 100% year-to-date.

The adoption of cryptocurrencies by large financial firms like Visa, PayPal, Morgan Stanley and others have helped push its price higher in recent months. Wealthy institutional clients now consider Bitcoin to be a hedge against inflation and continue to find ways to gain exposure to the top digital currency.

Schulman said the company thinks cryptocurrencies can be used for real-world transactions. “We think it is a transitional point where cryptocurrencies move from being predominantly an asset class that you buy, hold and or sell to now becoming a legitimate funding source to make transactions in the real world at millions of merchants”, he added.

PayPal won’t charge transaction fees when checking out with crypto and wants to accept only one type of cryptocurrency per purchase.

The post PayPal introduces crypto checkout service for US customers appeared first on Coin Journal.

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customers paypal service crypto introduces checkout journal

Источник: coinjournal.net

customers paypal → Результатов: 69


Bitcoin Nears $60,000 After PayPal Announces Crypto Checkout Service

Bitcoin prices rallied in the early London session after Reuters reported that PayPal would launch its crypto checkout services later on Tuesday. The payment giant, which started offering bitcoin custodial and trading services in October last year, will now allow US customers to use their cryptocurrency holdings to pay to PayPal’s millions of merchants worldwide. […]

2021-3-30 13:48


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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


PayPal’s Recent Love Relationship with Digital Assets Contributes to Positive Price Actions, Says Pantera

On October 21, 2020, PayPal confirmed the launch of a new service that would enable its customers to buy, hold, and sell digital assets directly from their PayPal accounts. The payment behemoth also revealed plans to significantly increase the utility of cryptocurrency by making it a funding source for purchases at 26 million merchant stores […] The post PayPal’s Recent Love Relationship with Digital Assets Contributes to Positive Price Actions, Says Pantera appeared first on NullTX.

2020-12-8 19:04


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


SingularityNET blockchain-based AI marketplace integrates PayPal

SingularityNET, a provider of decentralized AI technology, announced today the successful integration of PayPal payments into their blockchain-based artificial intelligence (AI) marketplace.   By making its AI marketplace easily accessible to PayPal’s 286 million users, SingularityNET opens its doors to a much wider scope of customers.

2019-11-15 07:22


Фото:

Coinbase добавила возможность вывода средств на PayPal для стран ЕС

Американская криптовалютная биржа Coinbase предоставила возможность снятия средств на счета PayPal для клиентов из стран Евросоюза и ЕАСТ (Европейская ассоциация свободной торговли). Coinbase customers in EU and European Free Trade Association countries can now withdraw funds to PayPal accounts.

2019-2-7 11:48


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