Crypto In a world where money is widely used by businesses, demand is expected to increase significantly. The way to do this is to make it easier for businesses to accept crypto. PayPal is now doing this. The payment application, which is expected to have more than 200 million active users by the end of 2023, is among the world’s largest FinTech companies.
PayPal and Crypto for Business
With a 14% market share for all digital transactions in the US PayPal’s cryptocurrencies Every step it takes is extremely important. The platform, which exceeded $ 2 trillion in payment volume in 2021, has been approaching and integrating cryptocurrencies positively for a long time. Now it has opened cryptocurrencies to businesses.
While it won’t be available in New York State initially, this feature is a significant plus for millions of businesses,” said Jose Fernandez, PayPal Senior Vice President of Blockchain, Cryptocurrency, and Digital Currency.
“Since we launched the ability for PayPal and Venmo consumers to buy, sell and hold cryptocurrencies in their wallets, we’ve learned a lot about how they want to use their cryptocurrencies. Business owners are increasingly voicing their desire for the same cryptocurrency features offered to consumers. We’re excited to introduce this new feature that allows them to interact with their digital currencies effortlessly.”
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
