March 28, 2024

PayPal will expand the integration of cryptocurrencies and blockchain

PayPal will expand the integration of cryptocurrencies and blockchain

Payment company PayPal revealed further plans for cryptocurrencyduring a conference call on the topictheir financial activities on Wednesday. According to its CEO Dan Shulman, a dedicated unit will be formed to manage digital assets-related issues.

“We all know that the existing financialthe system is out of date. We are focused on a future where transactions will be completed in seconds, not days; a future in which the execution of transactions will be less expensive; a future in which all people can become part of the digital economy, not just the financially prosperous. We are investing heavily in our business in the crypto space to help shape this more inclusive future. ", - he said.

The Block, citing a source, writes that the formation of a separate unit for issues related to this space indicates the company's intention to "go all-in."

Shulman also stated that he is “happy to developfirst achievements by allowing customers to use their cryptocurrency accounts as a source of funding when making purchases at 29 million outlets we serve. "

“We look forward to rolling out this capability.at the end of this quarter and hope to launch our first international markets within a few months, ”he said, adding that the integration of cryptocurrencies into the Venmo app should happen“ in the coming months ”.

According to Shulman, all these plans are “onlythe beginning of an extensive roadmap around cryptocurrencies and blockchain. " Among other things, the CEO shared his observations that customers who use PayPal to buy and sell cryptocurrencies began to open the application twice as often as before.

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

For a safe and convenient purchase of cryptocurrency, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that supportDeposit and withdrawal of funds inrubles, hryvnias, dollars and euros.

The most reliable platforms with the largest cash turnover have been for several yearsthe largest cryptocurrency exchange in the world is Binance.Binance is the most popular crypto exchange in the CIS, as it hasmaximum trading volumes 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?

# Cryptocurrency exchange Official site Site evaluation
1 Binance (Editor's Choice) https://binance.com 9.7
2 Huobi https://huobi.com 7.5
3 Exmo https://exmo.me 6.9
4 Yobit https://yobit.net 6.3
5 OKEx https://okex.com 6.1

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.

PayPal will expand the integration of cryptocurrencies and blockchain

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