Payments company PayPal has added the ability to buy, sell and transfer cryptocurrencies via a mobile app.
Now you can easily use your crypto with PayPal. Bring it to PayPal and send some to friends and family – all in one place. https://t.co/k24TVHoSYh pic.twitter.com/v0CeV9dNXa
– PayPal (@PayPal) 15 August 2022
The service supports Bitcoin, Ethereum, Litecoin and Bitcoin Cash. The minimum transaction amount is $1.
Users have access to internal and external transfers, as well as the ability to pay with digital currencies for purchases made at “millions” online stores that support PayPal.
The company’s app provides access to educational content about cryptocurrencies.
“Remember that we cannot protect you from losses due to market volatility. Cryptocurrency transfer on the blockchain is also risky and the transaction may be delayed or lost. Make sure you work carefully to buy and sell correctly,” the company warned.
In November 2020, PayPal opened direct access to cryptocurrencies to users in the United States through accounts.
In April 2021, the company added support for Bitcoin, Ethereum, Litecoin and Bitcoin Cash to its Venmo mobile payment service. At the same time, PayPal CEO Dan Shulman noted that the demand for digital assets exceeded expectations.
Recall that in March, the chairman of PayPal expressed his confidence that cryptocurrencies and blockchain will revolutionize the financial system.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.