fbpx
Digital Phablet
No Result
View All Result
en_US EN
en_US EN nl_NL NL de_DE DE fr_FR FR it_IT IT tr_TR TR ar AR zh_CN ZH
  • Home
  • NewsLatest
  • Digital Trends
    • AI
    • Digital Marketing
  • Technology
    • Education Tech
    • Home Tech
    • Office Tech
    • Fintech
  • Social Media
  • Gaming
  • Smartphones
  • Crypto
  • DP Extra
    • Deals
    • Reviews
    • Interesting
    • How To
    • Stories
  • Home
  • NewsLatest
  • Digital Trends
    • AI
    • Digital Marketing
  • Technology
    • Education Tech
    • Home Tech
    • Office Tech
    • Fintech
  • Social Media
  • Gaming
  • Smartphones
  • Crypto
  • DP Extra
    • Deals
    • Reviews
    • Interesting
    • How To
    • Stories
No Result
View All Result
Digital Phablet
No Result
View All Result
Home Technology

PayPal Now Support Payments from Bitcoin, Ethereum and Litecoin

Fahad Khan by Fahad Khan
October 22, 2020
in Technology
Reading Time: 4 mins read
0
PayPal Payments Bitcoin Ethereum Litecoin
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedIn

In a surprising update, PayPal has said in a Press Release that the platform will support Bitcoin, Bitcoin Cash, Litecoin, and Ethereum payment transactions.

According to Reuters, PayPal is all set to let users buy, sell, and hold Bitcoin BTC and other cryptocurrencies.

Dan Schulman, the chief executive of PayPal told Reuters the company hopes this will uplift the global usage of virtual coins and ready its network in anticipation of digital currencies provided by central banks.

It plans to provide users to actually spend their cryptocurrency with the 26 million merchants on its network beginning at the start of next year as stated by the US payments giant. PayPal reportedly posses roughly 346 million active accounts and in 2020s second quarter, the service processed 222 billion worth of payments.

PayPal is not the only service to support cryptocurrency as noted by Reuters. Jack Dorsey-led fintech Square already provides users to control digital assets and the same goes for the trading app Robinhood. But still, PayPal is definitely the biggest.

In June 2020, CoinDesk, the industry outlet had said that PayPal and Venmo, its mobile payments were agreeing on lanching cryptocurrency support in the future. And it’s not the first time we have heard about this.

Just after checking my personal PayPal account, it does not seem like PayPal’s cryptocurrency will be live just yet.

Update 12:58 UTC, October 21 PayPal’s press release suggests that it will support Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.

It also seems that users will not be able to access their digital assets Outside their PayPal wallet, The users might not be able to access their digital assets or dispatch any crypto to other PayPal users. Which overall means that all cryptocurrency networks must stay there on PayPal.

PayPal had its first public offering in 2002 and developed in 1998 as Confinity. Later that year, It became a wholly-owned subsidiary of eBay valued at 1.5 billion. In 2015, PayPal was spun off by eBay to eBays shareholders. On the 2019 Fortune, The company’s ranking was 204th among 500 of the largest united states corporations by revenue.

What do you think about this?

Tags: BitcoinBitcoin CashFinanceFinTechLitecoinPayPalThereum
Previous Post

How To Live Stream Adobe Photoshop and Illustrator on iPad

Next Post

Best Cheap iPhone 12, 12 Pro, 12 Pro Max, 12 Mini Cases (DEALS!)

Fahad Khan

Fahad Khan

A Deal hunter for Digital Phablet with a 8+ years of Digital Marketing experience.

Related Posts

Best Items to Flip on Alibaba
Technology

Best Items to Flip on Alibaba in 2023: Comprehensive Guide

June 1, 2023
multi tasking, multi processing, coding
Technology

Difference Between Multiprogramming, Multitasking, Multithreading and Multiprocessing

May 30, 2023
Apple M3
Technology

What’s New in Apple M3? Comparison With M1 and M2

May 23, 2023
best smartphone camera Smartphones With Best Camera
Technology

10 Smartphones With Best Camera To Buy 2023 – DSLR Quality

March 29, 2023
Windows 12 System Requirements
Technology

Windows 12 System Requirements (2023)

March 3, 2023
online dating profile
Technology

7 Signs A Dating Profile Is Fake (2023 Edition)

February 23, 2023
Next Post
Best Cheap iPhone 12 12 Pro 12 Pro Max 12 Mini Cases

Best Cheap iPhone 12, 12 Pro, 12 Pro Max, 12 Mini Cases (DEALS!)

Subscribe
Connect with
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
Notify of
guest

Connect with
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
guest

0 Comments
Inline Feedbacks
View all comments

digital phablet google news 1

Subscribe via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Facebook Twitter Instagram
  • youtube video downloader

    Best Youtube Video Downloader (for 1080, 4k Quality) 2023

    0 shares
    Share 0 Tweet 0
  • Unblocked Games 66, 67, 76, 911, 77, wtf, 66 ez, 69 for School

    0 shares
    Share 0 Tweet 0
  • OnlyFans Payment Methods 2023: Accepted Cards, Cryptocurrencies, and More

    0 shares
    Share 0 Tweet 0
  • Tesla Pi Smartphone Price, Release Date, Specification – BUY CHEAP!

    1 shares
    Share 0 Tweet 0
  • Assassin’s Creed Mirage System Requirements 2023

    0 shares
    Share 0 Tweet 0
  • Jockie Music Bot: How To Add To Discord (With Commands)

    0 shares
    Share 0 Tweet 0
  • GTA 6 To Have 750GB Download Size and 400 Hours Of Content

    1 shares
    Share 0 Tweet 0
  • Can I Venmo myself? And How To Do It? (Updated 2023)

    0 shares
    Share 0 Tweet 0
  • About Us
  • Contact Us
  • Advertise
  • Write For Us
  • Privacy Policy
Duplication or copying the content is not allowed.

© 2023 All Rights Reserved. Digital Phablet

No Result
View All Result
  • Home
  • News
  • Digital Trends
    • AI
    • Digital Marketing
  • Technology
    • Education Tech
    • Home Tech
    • Office Tech
    • Fintech
  • Social Media
  • Gaming
  • Smartphones
  • Crypto
  • DP Extra
    • Deals
    • Reviews
    • Interesting
    • How To
    • Stories

© 2023 All Rights Reserved. Digital Phablet

wpDiscuz
en_USEnglish
nl_NLDutch de_DEGerman fr_FRFrench it_ITItalian tr_TRTurkish arArabic zh_CNChinese en_USEnglish