PayPal opens up to Cryptocurrency

Ink

Administrator
Thread author
Verified
Jan 8, 2011
22,490
According to Bloomberg, PayPal has been holding talks with BitGo, a digital asset platform that acts as a custodian for crypto assets. BitGo services include a wallet system, cold storage -- which keeps coins off the Internet and reduces the risk of theft -- as well as portfolio management, tax reporting, and trading options.
Via: PayPal explores cryptocurrency company acquisitions, BitGo named as potential purchase | ZDNet

The migration toward digital payments and digital representations of value continues to accelerate, driven by the COVID-19 pandemic and the increased interest in digital currencies from central banks and consumers. PayPal Holdings, Inc. (NASDAQ: PYPL) today announced the launch of a new service enabling its customers to buy, hold and sell cryptocurrency directly from their PayPal account, and signaled its plans to significantly increase cryptocurrency's utility by making it available as a funding source for purchases at its 26 million merchants worldwide.
PayPal Newsroom - PayPal Launches New Service Enabling Users to Buy, Hold and Sell Cryptocurrency
 

SpiderWeb

Level 13
Verified
Top Poster
Well-known
Aug 21, 2020
609
The whole point of crypto is to avoid fees like they have on PayPal.
 

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