For a long time,phim set my trang PayPal didn't want much to do with cryptocurrencies. (At least not the widely popular ones; the company initially backed Facebook's Libra project before pulling out in October last year.)
But that changed today. On Wednesday, PayPal announced it will start offering users the ability to buy, sell, and hold cryptocurrencies through their online wallets. The company also said it would allow its 26 million merchants use cryptocurrency for payments.
At first, users will be able to buy four cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. This functionality will go live for U.S. users "in the coming weeks." PayPal says it will expand these features to its social payments service Venmo, as well as internationally, in the first half of 2021.
Early users in the U.S. will get some nice perks: There will be no service fees for buying or selling cryptocurrencies on PayPal through Dec. 31, 2020, and there will be no fees for holding cryptocurrencies in a PayPal account, the company said. You can join the waitlist for PayPal's cryptocurrency services here.
To launch the service, PayPal has partnered with Paxos Trust Company, which is a regulated provider of cryptocurrency services and products. PayPal also pointed out it has been granted a conditional Bitlicense by the New York State Department of Financial Services (NYDFS), allowing them to do virtual currency business in New York.
SEE ALSO: Crypto wallet MetaMask finally launches on iOS and Android, and it supports Apple PayPayPal, a digital payments pioneer, took quite a bit of time to allow for crypto purchases. In comparison, payments platform Square started offering users the ability to buy Bitcoin through its Cash App in January 2018. Notably, Cash App only supports Bitcoin, while PayPal will immediately offer support for other cryptocurrencies as well.
This Tweet is currently unavailable. It might be loading or has been removed.
In a press release, PayPal noted accelerated adoption of digital payments, driven by increased interest in digital currencies and the COVID-19 pandemic. PayPal also stated that mainstream adoption of cryptocurrencies has "traditionally been hindered by their limited utility as an instrument of exchange due to volatility, cost and speed to transact," but quoted a survey by the Bank for International Settlements as saying that one in 10 central banks expect to issue their own digital currencies within the next three years.
"The shift to digital forms of currencies is inevitable, bringing with it clear advantages in terms of financial inclusion and access; efficiency, speed and resilience of the payments system; and the ability for governments to disburse funds to citizens quickly," Dan Schulman, president and CEO of PayPal, said in a statement.
Disclosure: The author of this text owns, or has recently owned, a number of cryptocurrencies, including BTC and ETH.
Topics Bitcoin Cryptocurrency
’Tis the Season for Shogun Santa
Jon Kaji Vying to Become Next Torrance Councilmember
OBITUARY: Hideo Kikuchi, 97; Volunteer Devoted to Entertaining Southern California JA Community
Mineta: Wisconsin Justice’s Reference to Korematsu Is Insensitive and Offensive
OAA Holiday Boutique
NIKKEI ENTREPRENEUR SPOTLIGHT: Artist Opens a Window on Life in Little Tokyo
'Dragon Girl' at Giant Robot 2
Memorial Weekend Services Are Canceled
‘Resistance at Tule Lake’ Set for National Broadcast Premiere
Program Provides Opportunity to Study Tea in Shizuoka
Love for the Tulips
Bokashi Composting Workshop at JACCC
Asian Cultural Festival at Aquarium of the Pacific
Asian Cultural Festival at Aquarium of the Pacific
New JANM Exhibition Further Explores Hapa Identity
Caroling and Caring
Hollywood Premiere
'Nutcracker' Ready to Leap into the Holidays
On the Islands, They Call Her Kumu
Joint Reading at Vroman's
Shailene Woodley was just arrested while protesting Dakota Access PipelineA breast cancer survivor is using stunning body art to reclaim her bodyAdvertisers look to commiserate with disenchanted votersA Trump supporter quoted Beyoncé on CNN because this election can't get any weirderMore people were arrested for weed possession last year than violent crimes like murderBritish rock band sends shade to Nickelback, they give it right backKen Bone: From regular guy in a red sweater to America's last hopeDriverless cars, electric vehicles and mass transit could transform citiesIs this the greatest editor's note in the history of editor's notes?Please help me stop compulsively checking the FiveThirtyEight election forecast 'Quordle' today: See each 'Quordle' answer and hints for September 29, 2023 Wordle today: Here's the answer and hints for October 2 Apple mental health features: How to log your mood Apple's iCloud.com becomes more customizable with updates to Photos, Mail, and more Meta Quest 3 is getting a new body 'Only Murders In the Building' Season 3 ending explained: We know who killed Ben How AI is widening accessibility gaps for Indigenous communities 'Quordle' today: See each 'Quordle' answer and hints for October 4, 2023 The 20 scariest movies streaming for free Best headphones deal: Made for Amazon Kids Bluetooth headset on sale for $15.99
0.1329s , 8092.328125 kb
Copyright © 2025 Powered by 【phim set my trang】PayPal to allow customers to buy and sell Bitcoin, Ethereum, and other cryptocurrencies,Feature Flash
