PayPal introduces the purchase and sale of cryptocurrencies

The Fintech giant PayPal plans to bring direct cryptocurrency sales to its 325 million users. Currently, PayPal can be used as a way to withdraw funds from exchanges such as Coinbase. In the near future, Paypal will offer the first way to sell cryptocurrencies directly using the built-in wallet function. At the moment ...

it is not clearly stated what and how many cryptocurrencies will be available for sale. It is known from an industry source that it intends to work with multiple exchanges to obtain liquidity. Exchanges such as Coinbase or Bitstamp are to be partners. More details will be released in the next three months. Crypto is increasingly seen as an obvious way to increase the number of users in fintech applications and create new revenue streams. PayPal CEO Dan Schulman has made it clear that he plans to aggressively monetize Venmo this year, which has over 52 million accounts. In an interview earlier this year, PayPal's chief technology officer Sri Shivananda said the company wants to have its own "perspective and look at blockchain technology itself to see how it can help contribute to the concept of an open digital payment platform that can serve everyone. We strongly believe in the potential of blockchain. The digitization of currencies is not a question of "if" but when.