{"id":2345,"date":"2020-10-22T05:46:50","date_gmt":"2020-10-22T05:46:50","guid":{"rendered":"https:\/\/businessner.com\/?p=2345"},"modified":"2020-10-22T05:46:50","modified_gmt":"2020-10-22T05:46:50","slug":"paypal-is-introducing-crypto-services-for-trading-and-shopping","status":"publish","type":"post","link":"https:\/\/businessner.com\/paypal-is-introducing-crypto-services-for-trading-and-shopping\/","title":{"rendered":"PayPal is Introducing Crypto Services for Trading and Shopping"},"content":{"rendered":"
PayPal is thinking about a new feature for trading and shopping with Cryptocurrencies, the latest announcement by the company on Wednesday<\/a>.<\/p>\n The company said that it is planning a launch in the U.S within the coming weeks. The initial services will replicate the features of Bitcoin<\/a>, Litecoin<\/a>, and many other digital assets.<\/p>\n However, there is a plan to expand the crypto shopping network by 2021. This shopping network might attract 26 million retailers, according to a press release<\/a>.<\/p>\n \u201cThe shift to digital\u00a0forms of currencies is inevitable, bringing with it clear advantages in terms of financial inclusion and access; efficiency, speed and resilience of the payments system; and the ability for governments to disburse funds to citizens quickly.\u201d<\/p>\n -Dan Schulman, president and CEO, PayPal.<\/p>\n<\/blockquote>\n PayPal has been watching the rise of digital payments driven by the Coronavirus Pandemic and wants to increase the utility of digital currencies worldwide.<\/p>\n This is a signal from the company to make cryptocurrencies available as a funding source to the customers. Unfortunately, previous attempts to make cryptocurrency a mainstream product have been hampered due to the volatility and trust issues.<\/p>\n Also Read:\u00a0China\u2019s Stock Market again hit $10 Trillion level in Five Years<\/a><\/strong><\/p>\n\n