Crypto.com users in United States can now add PayPal as their preferred payment processor to acquire cryptocurrency in the platform. Starting on August 28, all Americans who have added a wallet on the platform can link their PayPal to seamless purchase crypto and enjoy all benefits that come with it.
PayPal is a leading payment system and have more than 400 million users all over the world. Crypto.com is a well known platform with 100 million users which some, if are US residentes, can now buy tokens using the giant company. The platform is full compliant with American regulators and is opening another way customers can fund their wallets by linking their PayPal accounts.
PayPal have also launched their stablecoin (PYUSD) which recently reached one billion in marketcap on Solana network and offer direct buying service on their platform purchase of Bitcoin, Ethereum, Litecoin and Bitcoin Cash. The offer is only available for United States customers and until now they can't withdraw it to external wallets.
This is another huge partnership in order to make crypto me popular and used all over the world. It comes with challenges, but open a new front to people where they can use traditional payment processor to acquire cryptocurrency. Remember:
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