Sunday, February 21, 18:02
Home Updates PayPal lets users use cryptocurrency

PayPal lets users use cryptocurrency

PayPal on Wednesday announced a new feature that will allow users to buy, store and sell cryptocurrency.

The company said in a press release that its new cryptocurrency service will be launched in the US in the coming weeks and will include bitcoin, ethereum, bitcoin cash and Litecoin. In early 2021, the company also plans to allow customers to use cryptocurrency to shop using it network of 26 million retailers.

Paypal

PayPal shares rose more than 3% in New York. Meanwhile, the price of Bitcoin has risen by almost 5%, according to data from CoinDesk.

"The transition to digital currency forms is inevitable, bringing clear advantages in terms of economic integration and access. The effectiveness, the speed, the durability of the system payments and the ability of governments to disburse money to citizens quickly are just some of them, "said PayPal CEO Dan Schulman.

"We are willing to work with central banks and regulators around the world to offer our support and make a real contribution to shaping the role that digital currency in the future of global finance and trade ".

Central banks around the world are exploring the idea of ​​issuing their own digital currencies. Seven of the world's top central banks - including the Federal Reserve and the European Central Bank - recently set out a framework for how operation of such systemic. Meanwhile, the People's Bank of China is testing its own digital currency.

To get started, PayPal said it partnered with Paxos. The company added that it received sponsorship from its state New York, of course in terms. It intends to present the crypto-features in the "Venmo mobile wallet" and in the international markets in the first half of 2021.

LEAVE ANSWER

Please enter your comment!
Please enter your name here

Teo Ehc
Teo Ehchttps://www.secnews.gr
Be the limited edition.

LIVE NEWS

How to add special effects to Instagram messages

Did you know that you can make instant Instagram messages more impressive? Like any other Instagram feature, you can add special ...

Only 270 addresses are responsible for 55% of all money laundering

Cybercriminals who keep their money in cryptocurrencies tend to "launder" money through a small set of online services, according to ...

Twitter: Voice messages are coming! How do we send them?

Twitter will soon support voice messages in both iOS and Android applications. This means that you will be able to send ...

How to connect a Bluetooth headset to a Nintendo Switch

The Nintendo Switch has a headphone jack. However, most headphones have become wireless so you will need a way to connect them ...

How to hide your phone number in Telegram

If you wish to create a Telegram account, you must provide your telephone number. In this way, Telegram validates the ...

Google Assistant: How can you delete your recordings?

Google Assistant can make your daily life much easier. However, it also involves some privacy issues, as ...

Microsoft: Office 2021 / Office LTSC coming in the second half of 2021

Microsoft announced that the Microsoft Office Long Term Service Channel (LTSC) and Office 2021 will be released in 2021, for ...

How to quickly create QR codes with Bing

If you ever need to create a QR code, but you do not know how, Microsoft has an easy-to-use tool available in any program ...

Brave: Onion addresses leaked to DNS traffic

The Tor function included in the Brave web browser, allows users to access .onion dark web domains within ...

What are the 6 most known attacks on gaming companies?

A few days ago, the gaming company Big Huge Games informed the players that it was the victim of an attack, which affected its data ...