PayPal will expand opportunities for working with cryptocurrency

PayPal said its users won't have to wait long to get a better experiencewith cryptocurrency through the platform.

CEO Dan Shulman said thatthe initial version of the company's super app wallet was "completed." PayPal's president said the company plans to fully roll out the wallet in the US in the next few months.

The super app wallet will be highlyyield, early access to direct deposit facilities, messaging capabilities, “additional crypto capabilities,” and more. Shulman said each wallet will be “unique, driven by advanced artificial intelligence and machine learning capabilities.”

PayPal said it had more than400 million active user accounts, with total payment volume for the second quarter of 2021 amounting to $311 billion. The firm also added 14.5 million new active accounts, bringing its user base to 392 million.

Payment company Venmo, owned by PayPal,which launched cryptocurrency trading in April had approximately $ 58 billion in total payments for the second quarter of 2021 with 76 million active accounts.

"We are one of the few payment companies that allow consumers to use cryptocurrency as a source of funding.", — said the PayPal CEO.

“We are also seeing strong cryptocurrency adoption and trading on Venmo.”

Earlier this month, PayPal announced that it would increasethe limit on the purchase of cryptocurrency for certain US users from $ 20,000 to $ 100,000. The payment firm initially said it would enter the crypto space in October 2020, which would later allow eligible customers to use the cryptocurrency for trade and payments.

Where is it more profitable to buy bitcoin? 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	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

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.
• 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.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

</p>

Rate this publication