PayPal and Visa Fuel Crypto Adoption with New Offerings
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- PayPal launched a new product that allows direct crypto transactions on its platform.
- Visa’s VTAP would enable banks to develop fiat-backed tokens.
- New products by PayPal and Visa will boost crypto adoption in the coming months.
PayPal, a leading online payment system, has enabled direct cryptocurrency transactions on its platform. The online payment giant announced that the new feature will allow U.S. business accounts to buy, hold, sell, and transfer Bitcoin and other supported cryptocurrencies.
Commenting on the development in his podcast, the Thinking Crypto YouTube channel host noted it as a bullish signal for Bitcoin and cryptocurrencies, considering the crypto market is in the middle of a bull run. The analyst believes PayPal’s crypto enablement would boost crypto adoption and support the bull run, which users expect to continue into Q1 2025.
PayPal Enables Crypto Transfer to External Wallets
The newly launched service is available to users across the U.S., except for those in New York state. The payment platform clarified that the new feature would allow U.S. merchants to transfer crypto to external wallets in addition to buying and selling …
The post PayPal and Visa Fuel Crypto Adoption with New Offerings appeared first on Coin Edition.
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