The mega popular operator of money transactions PayPal has opened the possibility of operations with cryptocurrency, so far only for Americans. If you click on the banner of the main screen in your PayPal account, you will be able to carry out transactions with coins Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Storing cryptocurrency will be free, moreover, until December 31, 2020, PayPal will not charge a commission for buying and selling crypto coins.
You can use PayPal wallet for payments in stores after converting to dollars. To do this, the company received a Bitlicense license from the New York State Financial Services Authority. People from other countries can try the new functionality early next year.
Paxos Trust Company, a well-known company in the field of cryptocurrencies, entered into an agreement with PayPal and next year using cryptocurrency on the PayPal wallet you can pay on more than 25 million platforms. In addition, PayPal is planning the same format for Venmo mobile payments in 2021.
Perhaps such high-profile news influenced the popularity of bitcoin, its price growth amounted to almost 40% over this month, the price of the coin became above $ 16,000. This has not happened for almost 3 years. People trust PayPal, a sign that the mainstream community is accepting digital currencies.
