PayPal's crypto service officially debuts in the US - Business Insider

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PayPal can use its new crypto service to diversify its payment offerings and keep a competitive edge

that cryptocurrencies could be "the next step in the evolution of money," further suggesting that it could be a viable option for everyday payments. With cryptocurrencies gaining global exposure in the payments realm and PayPal being a leader in that space, the firm can position itself to build relationships with global government agencies to induce increased adoption of crypto payments.

PayPal can use its new service to diversify its payment offerings and keep a competitive edge. PayPal's cryptocurrency service provides a new revenue opportunity for the firm since it might appeal to a previously untapped customer demographic—those interested in buying and selling crypto—and help PayPal grow its user base.

 

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thanks for this news

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