Home>ALTCOIN>PayPal is the Latest to Introduce Cryptocurrency for Online Transactions
ALTCOIN

PayPal is the Latest to Introduce Cryptocurrency for Online Transactions

[ad_1]

PayPal Cryptocurrency

PayPal’s president and CEO, Dan Shulman, confirmed that cryptocurrency will be introduced shortly at the checkout service for online transactions, which will also waive transaction fees for purchases made with crypto.

PayPal, the well-known online payment and transaction service, is the latest to start accepting the digital currency as a medium of exchange at its millions of global merchants. The news was shared by the company’s CEO at the end of March 2021. The new system will feature a crypto checkout service that will allow customers to access their stored coins, in order to purchase goods and services from the approved merchants. It has been reported the system will also reflect equivalent funds directly in fiat currency after coins are subject to a swift transfer during the time of sale. 

All four of PayPal’s supported cryptocurrencies will be made available at the checkout service. These include Bitcoin, Ether, Litecoin, and Bitcoin Cash. However, there will be a limit of one coin per transaction, but the customer will incur zero transaction fees. Dan Shulman commented on the launch of cryptocurrency and stated, “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.” 

The news first surfaced in October 2020 that PayPal had intentions to make an appearance in the crypto realm. PayPal worked its way into the industry in the early months of 2021, and acquired digital assets security firm Curv as well. The deal was thought to be worth $200 million. For more information on PayPal’s move, click here.

Read more about the growing use of Bitcoin and the increased use for daily transactions.

Featured image: DepositPhotos © niphon

Please See Disclaimer

If You Liked This Article Click To Share


Risks and Disclosure:

Information provided in this correspondence is intended solely for informational purposes and is obtained from sources believed to be reliable. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained on this website is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions made or suggested and the actual results.

All statements and opinions expressed are the opinions of the author and not of Cryptocurrencynews.com or its officers. The author is wholly responsible for the validity of all statements. Cryptocurrencynews.com was not involved in any aspect of the article preparation. The author was not paid by Market Jar Media Inc for this article. The author did not pay Cryptocurrencynews.com to publish or syndicate this article.

This article does not constitute as investment advice. Each reader is encouraged to consult with his or her individual financial advisor; any and all actions taken by a reader as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Cryptocurrencynews.com’s terms of use and full legal disclaimer. This article is in no way a solicitation for investment. Cryptocurrencynews.com does not render general or specific investment advice. Any information on Cryptocurrencynews.com should not be considered a recommendation to buy or sell any security. Cryptocurrencynews.com does not endorse or recommend the business, products, services or securities of any company mentioned on Cryptocurrencynews.com.

Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks, and options may fluctuate, and, as a result, clients may lose more than their original investment and possibly their entire investment. Any content on this website should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Please see our full disclaimer here for additional details before making any investment decisions.



[ad_2]

Source link

Review Overview

Summary

Leave a Reply

Your email address will not be published. Required fields are marked *