FINTECH giant PayPal plans to attract capturadora to its massive user base. To manage the new service of digital assets the company chose Paxos.
Last week launched the Paxos Paxos Crypto service Brokerage, and announced its first customer in Revolut US, the American branch fintehnology company from UK that offers trade bitcoin. The official announcement about the relationship PayPal can do this week, writes CoinDesk.
Such a scenario will make PayPal one of the most famous companies that offers cryptotrading and join service providers such as Square and brokerage Robinhood.
It is not known what cryptocurrency to offer PayPal. Earlier it was reported that PayPal and its sister company Venmo will allow direct buying and selling of crypto-currencies for a certain part of its users, who number about 325 million.
The new partnership with a Paxos-based API to facilitate the implementation of cryptocurrencies for business will allow you to buy, sell, store and send cryptocurrency by following all aspects of regulatory requirements. Paxos is a qualified custodian, who is legally allowed to contain gold and digital assets such as bitcoin (BTC) and ether (ETH) on behalf of institutional investors.
Interesting fact that the news about partnership of PayPal and Paxos appeared simultaneously with the news about the release of the crypto map for Wirex, payment service Mastercard. As he wrote Coinews, July 20, the company announced the launch of a new service, Mastercard Accelerate.
Earlier Coinews told that the Director General Binance demonstrated the first use of Binance Card, debit card cryptocurrency, which was announced Binance in April 2020.
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