PauPal will allow 29 million stores to carry out crypto payments

PayPal said that now the Checkout With Crypto service, which allows you to make crypto paymentsApproximately 29 Million Merchants Worldwide Using PayPal Is Available Worldwide.

«The new PayPal app gives you more ways to explore cryptocurrency. You can buy, sell, store, or even use it for payments from millions of PayPal sellers.

The new PayPal app gives you more ways to explorecrypto. Whether you want to buy, sell, hold or even use it to checkout with millions of PayPal merchants. https://t.co/BO5unPByrR pic.twitter.com/2NcOnaR4yv

- PayPal (@PayPal) November 18, 2021

In March of this year, PayPal announced the upcomingthe release of the Checkout With Crypto payment service, which will allow American consumers to make payments to millions of merchants using cryptocurrency from their PayPal wallets.

«For the first time, you can easily use cryptocurrency just like a credit or debit card in your Paypal wallet»- said the CEO of Paypal.

At the moment, payments can be made in four major cryptocurrencies, namely Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

«The transition to digital forms of currencies is inevitable,which provides obvious benefits in terms of financial inclusion and access: efficiency, speed and resilience of payment systems, as well as the ability of the government to quickly release funds to citizens»Added PayPal President and CEO Dan Shulman.

The top manager explained why the payment service can do it:

«Our global reach, digital expertisepayments, two-way network and strict security and compliance controls give us the opportunity and responsibility to make new exchange tools easier to understand, use and interact with.

We are ready to work with central banks andregulators around the world to offer our support and make a significant contribution to shaping the role that digital currencies will play in the future of global finance and trade.

According to a well-known research company onApp Annie mobile apps, cryptocurrency apps were downloaded 46 million times in Q3, up 75% over the same period last year.

App Annie estimates that in September alone, about half of all downloads worldwide among the top five cryptocurrency apps came from PayPal.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Huobi	https://huobi.com	7.4
3	Exmo	https://exmo.me	6.9
4	OKEx	https://okex.com	6.5
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services— futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.

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