PayPal opens up to Cryptocurrency

[Ink]

Content source

https://www.zdnet.com/index.php/category/2184/index.php/article/paypal-explores-cryptocurrency-company-acquisitions-bitgo-named-as-potential-purchase/

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

 

[trott3r]

Great news assuming their cut is not too big

 

[SpiderWeb]

The whole point of crypto is to avoid fees like they have on PayPal.