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Crypto.com announced today that US users can now add PayPal
as a payment method to fund cryptocurrency purchases. By linking their PayPal
and Crypto.com wallets, users can transfer funds from PayPal to Crypto.com to
purchase available crypto tokens. This feature will soon expand to other
markets outside the US.
PayPal Payment Option Introduced
Eligible users can now add PayPal as an alternative payment
method for crypto purchases or to top up their Crypto.com Visa Card. This
option is currently limited to users in the US.
“Further integrating traditional and digital payment
capabilities is critical to the continued mainstreaming of cryptocurrencies,”
said Eric Anziani, President and COO of Crypto.com.
“PayPal is the digital commerce leader and shares our vision
of consumers being able to safely and efficiently engage with digital
currencies. We are tremendously proud to further our efforts with PayPal to
continue to provide consumers around the world the most comprehensive and convenient
crypto experience.”
PayPal Features Expand Further
This collaboration builds on previous initiatives between
Crypto.com and PayPal. Earlier efforts included enabling PayPal to top up the
Crypto.com Visa Card, establishing Crypto.com as a preferred exchange for
PayPal USD (PYUSD), and allowing PYUSD on Crypto.com’s payment system.
“PayPal has long believed in providing consumers choice and
our work with Crypto.com to provide our mutual users the ability to use PayPal
to fund their crypto.com purchases is another step in that journey,” said Jose
Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency, and
Digital Currencies, PayPal.
This article was written by Tareq Sikder at www.financemagnates.com.
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