Today I will be going over the new PayPal integrated features which will allow anyone to buy cryptocurrency.
Now with any investment, it is worth noting the investment risk associated with buying, selling and owning an investment product.
Quick tips:
1. Never invest more money than what you have without assessing your individual financial situation.
2. Cryptocurrency is an investment product and performs in the same manner the stock market operates including 24/7 Fluctuation and volatility.
3. When investing, you should do your research!
Easy as 123...
Anyone in the world can open a PayPal account in as little as five minutes and get started!
Now while you are now able to buy, sell and hold cryptocurrency on PayPal account, you should expect some features not to be fully integrated or available. So here are the basics!
What Are The Pros...
What can I do with the Cryptocurrency in my PayPal account? Once you buy, you have two options "HODL" or "Sell" for a better position.
What Are The Cons...
What can't I do with the cryptocurrency in my PayPal account? There are a few aspects to note here. First, you cannot send/receive from external accounts. Next, you do not get your own set of private keys. PayPal holds the keys which works about the same way as Coinbase and Bittrex but with PayPal.
The Winning hand...
PayPal delivered a winning hand to the cryptocurrency community with it's brand new integrated cryptocurrency model.
Remember, it is still fairly new so do not expect too much right now!
What we can do to support PayPal and show our appreciation is invest wisely and responsibly.
Also remember, PayPal is the first U.S. financial company to integrate cryptocurrency transactions into its financial model which means other major financial companies will be observing closely and monitoring Paypals' quarterly success as well as us in the cryptocurrency community pushing for mass adoption.
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