BartDay
  • Economy
    • Business
    • Politics
  • Cryptocurrency
  • Investing
    • Banking
    • Forex
    • Financial Services
  • Markets
    • Capital Markets
    • Emerging Markets
  • People
    • Consumer & Retail
    • Health
    • Opinion
  • Environment
    • Energy
    • Industrials
    • Manufacturing
  • Technology
    • Learning
    • Auto & Transportation
    • Data
    • Science
    • Telecommunications
  • Featured
  • About
  • Economy
    • Business
    • Politics
  • Cryptocurrency
  • Investing
    • Banking
    • Forex
    • Financial Services
  • Markets
    • Capital Markets
    • Emerging Markets
  • People
    • Consumer & Retail
    • Health
    • Opinion
  • Environment
    • Energy
    • Industrials
    • Manufacturing
  • Technology
    • Learning
    • Auto & Transportation
    • Data
    • Science
    • Telecommunications
  • Featured
  • About
BartDay
BartDay
  • Economy
    • Business
    • Politics
  • Cryptocurrency
  • Investing
    • Banking
    • Forex
    • Financial Services
  • Markets
    • Capital Markets
    • Emerging Markets
  • People
    • Consumer & Retail
    • Health
    • Opinion
  • Environment
    • Energy
    • Industrials
    • Manufacturing
  • Technology
    • Learning
    • Auto & Transportation
    • Data
    • Science
    • Telecommunications
  • Featured
  • About

PayPal To Offer Cryptocurrency Payments And Transactions

  • October 21, 2020
  • 2 minute read
Total
0
Shares
0
0
0
0

PayPal has launched a new service that will allow customers to buy, hold and sell cryptocurrency directly from their PayPal account. The move is part of payments firm’s plans to significantly increase cryptocurrency’s utility by making it available as a funding source for purchases at its merchants worldwide.

The company is initially supporting select cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC), directly within the PayPal digital wallet.


Partner with bartday.com. Kindly head here.


From our partners:

CITI.IO :: Business. Institutions. Society. Global Political Economy.
CYBERPOGO.COM :: For the Arts, Sciences, and Technology.
DADAHACKS.COM :: Parenting For The Rest Of Us.
ZEDISTA.COM :: Entertainment. Sports. Culture. Escape.
TAKUMAKU.COM :: For The Hearth And Home.
ASTER.CLOUD :: From The Cloud And Beyond.
LIWAIWAI.COM :: Intelligence, Inside and Outside.
GLOBALCLOUDPLATFORMS.COM :: For The World's Computing Needs.
FIREGULAMAN.COM :: For The Fire In The Belly Of The Coder.
ASTERCASTER.COM :: Supra Astra. Beyond The Stars.
BARTDAY.COM :: Prosperity For Everyone.


PayPal customers will be able to use their cryptocurrency holdings as a funding source to pay at PayPal’s 26 million merchants around the globe, beginning in early 2021.

Consumers will be able to instantly convert their selected cryptocurrency balance to fiat currency, with certainty of value and no incremental fees. PayPal merchants will have no additional integrations or fees, as all transactions will be settled with fiat currency at their current PayPal rates.

It will also provide enhanced utility to cryptocurrency holders, while addressing previous concerns surrounding volatility, cost and speed of cryptocurrency-based transactions.

The service will initially be available to PayPal account holders in the U.S. in the coming weeks through a partnership with Paxos Trust Co., a regulated provider of cryptocurrency products and services. It will be expanded to Venmo and select international markets in the first half of 2021.

PayPal has also been granted a first-of-its-kind conditional Bitlicense by the New York State Department of Financial Services (NYDFS). This approval comes after NYDFS’s June 2020 announcement to grant a conditional Bitlicense to encourage, promote, and assist interested institutions to access the New York virtual currency marketplace through partnerships with New York authorized virtual currency firms such as Paxos in this case.

PayPal announced that there are no service fees when buying or selling cryptocurrency through December 31, 2020, and there are no fees for holding cryptocurrency in a PayPal account.

PayPal has been exploring the potential of digital currencies through partnerships with licensed and regulated cryptocurrency platforms and with central banks around the world.

Mainstream adoption of cryptocurrencies has traditionally been hindered by their limited utility as an instrument of exchange due to volatility, cost and speed to transact. However, advanced technological platforms now offer the possibility of mainstreaming digital currencies.

For comments and feedback contact: [email protected]

Business News

BartDay

Related Topics
  • Cryptocurrency
  • Payments
  • PayPal
You May Also Like
college-of-cardinals-2025
Read More
  • 1 min
  • Featured

The Definitive Who’s Who of the 2025 Papal Conclave

  • May 7, 2025
conclave-poster-black-smoke
Read More
  • 4 min
  • Featured
  • World Events

The World Is Revalidating Itself

  • May 6, 2025
Read More
  • 1 min
  • Featured
  • People

Conclave: How A New Pope Is Chosen

  • April 25, 2025
Read More
  • 4 min
  • Featured
  • World Events

Tariffs, Trump, and Other Things That Start With T – They’re Not The Problem, It’s How We Use Them

  • March 25, 2025
zedreviews-Apple-iPhone-16-Pro-finish-lineup-240909
Read More
  • 12 min
  • Featured
  • Gears
  • Technology

Apple debuts iPhone 16 Pro and iPhone 16 Pro Max

  • September 10, 2024
zedreviews-Apple-iPhone-16-Apple-Intelligence-240909
Read More
  • 12 min
  • Featured
  • Gears
  • Technology

Apple introduces iPhone 16 and iPhone 16 Plus

  • September 10, 2024
zedreviews-Apple-AirPods-Active-Noise-Cancellation-240909
Read More
  • 8 min
  • Featured
  • Gears
  • Technology

Apple introduces AirPods 4 and the world’s first all-in-one hearing health experience with AirPods Pro 2

  • September 10, 2024
zedreviews-Apple-health-2-up-240909
Read More
  • 9 min
  • Featured
  • Gears
  • Technology

Apple introduces groundbreaking health features to support conditions impacting billions of people

  • September 10, 2024
  • The Summer Adventures : Hiking and Nature Walks Essentials
    • June 2, 2025
  • Gemma 3n
    Announcing Gemma 3n preview: powerful, efficient, mobile-first AI
    • May 22, 2025
  • oracle-ibm
    Google Cloud and Philips Collaborate to Drive Consumer Marketing Innovation and Transform Digital Asset Management with AI
    • May 20, 2025
  • college-of-cardinals-2025
    The Definitive Who’s Who of the 2025 Papal Conclave
    • May 7, 2025
  • conclave-poster-black-smoke
    The World Is Revalidating Itself
    • May 6, 2025
about
Unleash Your Financial Potential With Us

BartDay is your all-in source of information for market insights, finance news, investing, trading, and more.

Data and information is provided “as is”. BartDay and any of its information service providers or third party sources is not liable for loss of revenues or profits and damages.

For comments, suggestions, or sponsorships, you may reach us at [email protected]
  • 1
    The Summer Adventures : Hiking and Nature Walks Essentials
    • June 2, 2025
  • Gemma 3n 2
    Announcing Gemma 3n preview: powerful, efficient, mobile-first AI
    • May 22, 2025
  • oracle-ibm 3
    Google Cloud and Philips Collaborate to Drive Consumer Marketing Innovation and Transform Digital Asset Management with AI
    • May 20, 2025
  • college-of-cardinals-2025 4
    The Definitive Who’s Who of the 2025 Papal Conclave
    • May 7, 2025
  • conclave-poster-black-smoke 5
    The World Is Revalidating Itself
    • May 6, 2025
BartDay
  • Economy
  • Cryptocurrency
  • Investing
  • Markets
  • People
  • Environment
  • Technology
  • Featured
  • About
Unleash Your Financial Potential With Us

Input your search keywords and press Enter.