PayPal to support cryptocurrencies across its consumer and merchant network

By Finextra Research - 2020-10-21

Description

PayPal has been granted a first of its kind conditional Bitlicense by the New York State Department of Financial Services and will begin enabling its 346 million users to to buy, hold and sell cryptoc ...

Summary

  • Related Companies Lead Channel Channels This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
  • PayPal customers will be able to use bitcoin, ethereum, bitcoin cash and litecoin to shop at the firm's 26 million merchants worldwide, starting in early 2021.
  • We were the first company to receive a New York Trust Charter for virtual currency business activity so it is fitting that we are also the first to support the Department’s new conditional licensing framework.

 

Topics

  1. Management (0.24)
  2. Stock (0.21)
  3. Machine_Learning (0.17)

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