PayPal has officially announced its joining the cryptocurrency market, allowing customers to buy, sell and hold those currencies directly using the wallets of the American Digital Payments Company online. / p>
and the platform indicated its plans to significantly increase the usefulness of cryptocurrencies by making them available as a source of financing for purchases at 26 million merchants around the world through its network starting in early 2021.
President and CEO Dan Schulman said: PayPal hopes the new service will encourage the global use of virtual currencies and prepare its network for new digital currencies that central banks and companies may develop. p>
It is worth mentioning that PayPal will initially allow the purchase of Bitcoin and other cryptocurrencies called Ethereum, Bitcoin Cash and Litecoin, and it cooperates with the Paxos Trust to provide the service.
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The company revealed that account holders in the United States will be able to buy, sell and hold cryptocurrencies on PayPal in the coming weeks.
It should be noted that, after the company announced that digital currencies could be used on its electronic payment platform, the price of Bitcoin strongly breached the levels of $ 12,000.
