PayPal CEO: 10% of Users Can Now Access Crypto Services
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Answer PayPal CEO: 10% of Users Can Now Access Crypto Services
In a recent interview with Daniel Schulman, CEO of PayPal, he told that PayPal, one of the largest online payment processing companies, will add many new features related to cryptocurrency at the beginning of next year.
The interview published its merits.luckIn it, Shulman told that the platform will allow cryptocurrency payments for goods and services at 28 million merchants.
He stressed that this will not lead to any additional fees, either for consumers or merchants.
PayPal will also support the Venmo mobile payment application and add the ability to purchase cryptocurrencies.
He told Shulman, who previously said he owns some bitcoin, that 10% of PayPal customers can now access cryptocurrency services.
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He added that there was a waiting list, which was two or three times larger than what the company had expected.
More users will be able to access cryptocurrency services in the next few weeks.
The CEO of PayPal stated that his company is in talks with central banks and regulators to explore cryptocurrency wallets for its users.
Shulman believes that digital wallets are a natural complement to all forms of digital currencies.
As we previously mentioned in the Arab Bitcoin, PayPal plans to provide cryptocurrency services to more than 300 million users.
Since it was announced that PayPal has integrated cryptocurrency services into its services and bitcoin is above the $12,500 level, the price of bitcoin at the time of writing is estimated at $13,804.
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