Payment solution firm, Paypal will support crypto transactions between customers on their platform.
The company’s VP who also doubles as the General Manager of the blockchain and cryptocurrency division explained the new innovation while speaking at CoinDesk’s Consensus 2021 conference.
We understand there is more utility to those tokens if you can move them around, so we are definitely exploring how we can let people transfer crypto to and from their PayPal addresses.
Paypal have kickstarted the process of launching their own coin.
Paypal CEO Dan Schulman released a tutorial video demonstrating how to use the new crypto checkout option back in March.
This latest move emphasizes the company’s resolve to embrace cryptocurrency.