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Paypal Announces Support For Bitcoin, Ethereum And Litecoin In Coming Weeks!! - Technology Market - Nairaland

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Paypal Announces Support For Bitcoin, Ethereum And Litecoin In Coming Weeks!! by AKAFINA101(m): 8:33pm On Oct 28, 2020
PayPal announced U.S. customers will be able to buy, hold and sell Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) using PayPal and Venmo within the coming weeks.

PayPal is launching its own cryptocurrency exchange, allowing people to buy,
hold and sell digital currency on its website and applications. Bitcoin (as well as the entire market cap for cryptocurrencies) increased nearly 6% on the news. "Our global reach, digital payments expertise, two-sided network, and rigorous security and compliance controls provide us with the opportunity, and the responsibility, to help facilitate the understanding, redemption and interoperability of these new instruments of exchange," said PayPal CEO Schulman in a statement. PayPal says its new service will give customers the ability to buy and trade Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) using PayPal and Venmo digital wallets, which already lets people shop online, request and send money. PayPal's U.S. customers will receive crypto service access in a few weeks, but they won't be able to pay for products and services using cryptocurrency until early 2021. PayPal's Venmo customers and select international consumers won't have crypto services until some time in the first half of 2021. The payments will be settled through fiat currencies, similar to many existing crypto merchant solutions like BitPay, so merchants can get paid in crypto and receive fiat currencies in their bank accounts. Analysts believe fees are expected to be in range of Square Cash at 1.5% but this is not official. They will initially support Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC), the company said. The payments giant partnered with Paxos to deliver the service, and it obtained a conditional cryptocurrency license from the New York State Department of Financial Services, or a "BitLicense". PayPal is one of the largest global payment providers, with 346 million active accounts and $222 billion in volume processed in Q2 2020. The announcement helped evaporate the $12,000 resistance on Bitcoin, possibly turning it into support. PayPal (PYPL) is up 5.49% on the news.

Re: Paypal Announces Support For Bitcoin, Ethereum And Litecoin In Coming Weeks!! by AKAFINA101(m): 8:34pm On Oct 28, 2020
Information out there!!!
Re: Paypal Announces Support For Bitcoin, Ethereum And Litecoin In Coming Weeks!! by Ikillbrokehoes(m): 8:50pm On Oct 28, 2020
Wonderful news
Re: Paypal Announces Support For Bitcoin, Ethereum And Litecoin In Coming Weeks!! by surrogatesng: 8:51pm On Oct 28, 2020
Nice
Re: Paypal Announces Support For Bitcoin, Ethereum And Litecoin In Coming Weeks!! by Kennyking1234: 8:59pm On Oct 28, 2020
They should allow Nigeria

1 Like

Re: Paypal Announces Support For Bitcoin, Ethereum And Litecoin In Coming Weeks!! by viyon02: 8:59pm On Oct 28, 2020
nice one
Re: Paypal Announces Support For Bitcoin, Ethereum And Litecoin In Coming Weeks!! by Twode: 9:10pm On Oct 28, 2020
Good one
Re: Paypal Announces Support For Bitcoin, Ethereum And Litecoin In Coming Weeks!! by AKAFINA101(m): 12:23pm On Oct 29, 2020
Let keep hope up!!!
Re: Paypal Announces Support For Bitcoin, Ethereum And Litecoin In Coming Weeks!! by ohchacha: 2:08am On Nov 10, 2020
This is very cool news. I have been using paypal for a long time and I am very happy that I can now combine it with a bitcoin wallet without intermediaries. It turns out that now I can use my paypal wallet to withdraw cryptocurrency from the fairspin crypto casino? This is wonderful news if it's true. Can someone advise me on this case? I would like to know more detailed information on this topic. I would be grateful if you leave your opinion. By the way, what do you think about crypto casinos on the Internet?

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