The PayPal payment service is going to provide its customers with cryptocurrency services. The american brokerage company Paxos will help the payment service to implement the plans. The PayPal Venmo division will be used to carry out cryptocurrency operations.
At one time, PayPal deservedly earned popularity among customers of online stores. The reason for its popularity is the simple use, speed and reliability of transactions. It is expected that, together with partners, PayPal will be able to make transactions with cryptocurrencies simple and affordable. This means that cryptocurrency transactions will have a better chance of becoming more popular as a means of payment.
At the moment, there is no reliable information about in which countries, on what terms the service will be launched and what cryptocurrencies will be used. Details are expected by the end of this week.
Image courtesy of Coinbox Japan