Paypal to start with crypto trading - report

Monday, 22. June 2020 19:40

Fintech behemoth PayPal is reportedly planning to start with direct sales of cryptocurrency to its 325 million users, sources familiar with the matter claimed.

According to a report published by CoinDesk on Monday, Paypal is going to allow its users to buy and sell cryptocurrencies directly through its channel and will "have some sort of a built-in wallet functionality so you can store it there." The sources added they expected PayPal "would be working with multiple exchanges to source liquidity."

A second source explained the company intends to offer cryptocurrencies trade and added the service could be expected "in the next three months, maybe sooner."

Related Links: PayPal Holdings Inc.
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Breaking the News / TF