San Jose, California: Paypal Holdings, Inc. (NASDAQ:PYPL) announced today, they are enabling it’s users to buy, hold & sell cryptocurrencies through it’s digital payment gateway platform PayPal.
They informed users worldwide through their microblogging site tweeter’s account. Here it is what they said:
Today, we are announcing the launch of a new service that will enable customers to buy, hold and sell #Cryptocurrency directly from their PayPal account. https://t.co/QS6JRmG9hs pic.twitter.com/uHBatfZkbF
— PayPal (@PayPal) October 21, 2020
PayPal is known for it’s digital payment services globally. Unfortunately this service hasn’t been started yet in Pakistan but government is in talk with them to bring PayPal’s service in Pakistan.
After implementing this new digital payment option, PayPal will gradually enable it’s 26 million merchants to deal in cryptocurrencies. It means, an E-Commerce stores will be able to get payments in any allowed crypto in future.
PayPal is starting this service first in United States of America & then they will enable for selective International markets. This service is being enabled through Paxos Trust Company.