PayPal users in the United States and United Kingdom will be able to use this payment platform to buy, sell and store cryptocurrencies, although it has a trick that enthusiasts of these virtual currencies will not like.
It is no longer strange to hear about cryptocurrencies. This virtual money has managed to carve out a niche in the lives of many people, even those who, at first, knew absolutely nothing about this terminology.
Its adaptation has been slow, but it seems that in the middle of 2021 it has already begun to bear fruit. Companies like Samsung have launched products to the market so that users can control the money they have stored in these formats
The last thing that cryptocurrencies have achieved is that payment gateways that are used globally accept payments using these virtual currencies. Specifically, PayPal now supports payment using, for example, Bitcoin.
It is not something new, because in October of last year we saw how they were preparing the arrival for this type of transaction. The supported cryptocurrencies, of course, will be the most popular such as Bitcoin, Ethereum and Litecoin,
Niche or unreliable virtual currencies will not be supported in this system for logical reasons. The possibilities that the user now has are: buy, sell and store cryptocurrencies in PayPal.
Yes indeed, If many of you are thinking of using PayPal security to buy and then transfer these cryptocurrencies to physical storage, we have bad news. PayPal it does not support this type of transaction.
Everything that is bought, sold or moved will remain within the platform. Cold wallets cannot be used, so the most paranoid users of their cryptocurrencies may not find a reliable solution in PayPal.
Payments using cryptocurrencies via PayPal have already spread to the United States and the United Kingdom. For now, they are the only countries that support this, although most likely more countries join this list in the future.