Yugocean
Valued Contributor
PayPal has updated its crypto campaign. Now PayPal users will be able to transfer crypto between other wallets and exchanges as well. PayPal has also received a full bitlicense by the New York Department of Financial Services (NYDFS).
Currently, PayPal supports only four cryptocurrencies, which are Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. While it will take time for PayPal to add other cryptos, its customers can now use their cryptocurrency to pay for goods and services with PayPal merchants.
PayPal, made this promise a year ago, has finally fulfilled it, yet people are not very exieted. People believe that PayPal cannot compete with crypto, and crypto dosen't need PayPal, so it prefers to adopt crypto.
Some people also believe that PayPal will steal user's BTC. Paypal has been confiscating money by freezing people's accounts for many reasons in the past. As well as being infamous for charging double fees, it can also charge additional fees on crypto.
Currently, PayPal supports only four cryptocurrencies, which are Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. While it will take time for PayPal to add other cryptos, its customers can now use their cryptocurrency to pay for goods and services with PayPal merchants.
PayPal, made this promise a year ago, has finally fulfilled it, yet people are not very exieted. People believe that PayPal cannot compete with crypto, and crypto dosen't need PayPal, so it prefers to adopt crypto.
Some people also believe that PayPal will steal user's BTC. Paypal has been confiscating money by freezing people's accounts for many reasons in the past. As well as being infamous for charging double fees, it can also charge additional fees on crypto.