Picture by Pixabay
PayPal plans to roll out a crypto service worldwide. From 2021 customers should be able to trade cryptocurrencies worldwide.
PayPal starts crypto offensive
We have customers who have already bought cryptocurrencies and open their wallets several times a day to see what happens to their investments. The demand was two to three times as high as our expectations.
Together with the Venmo app, the global launch of PayPal’s new crypto offering should become a reality in 2021. This news gave the Bitcoin price an enormous boost in the last month. In addition, the payment giant also wants to deal with digital central bank money (CBDC) and support other cryptocurrencies.
Above all, he wants to improve the acceptance of cryptocurrencies and their interoperability with existing payment systems. This should make it possible to swap from wallet to wallet, between the various currencies themselves and with the merchants. It seems that PayPal will also compete with established crypto exchanges in the future.
I think our platform and all of the new digital infrastructure we are building will help make the money system more effective.
As part of the announcement of the quarterly figures, the payment provider announced that it intends to aggressively penetrate the crypto sector:
In his speech, the CEO emphasized that there was no question of whether CBDCs would prevail. In his opinion, it is only a matter of time before they become established. Daniel Schulman also said that his company wants to be actively involved in the design of CBDCs.
CEO Daniel Schulman is overwhelmed by the demand for Bitcoin service
TheBitcoinNews.com – Bitcoin News source since June 2011 –
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
In addition, the PayPal CEO has described the old financial system as “not working” for many ordinary people. The payment giant wants to make the financial system fundamentally better.
Obviously the world is moving rapidly from physical to digital currencies. There is no question that digital currencies are becoming more and more important, have more and more functions and are becoming more and more important.
Daniel Schulman, CEO of PayPal
Advertise with us : Advertise
Just last month, PayPal announced the launch of crypto assets on its payment platform. A total of 26 million merchants should be able to accept cryptocurrencies without any problems in the first quarter of next year.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
The demand for the new crypto service has been overwhelming, according to PayPal CEO Daniel Schulman.
In response to the demand, Schulman also announced that PayPal will increase its weekly crypto purchase limit from $ 10,000 to $ 15,000. In 2021, the payment provider wants to penetrate the international market and offer more crypto services. However, no further details have yet been announced about these.
Send bulk sms with Bitcoin and don’t worry If your link gets reported. We are constantly monitoring your links and We’ll pause your campaigns if any issue…