PayPal gets into crypto with new features for trading and shopping

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PayPal is the latest large financial services provider to show an interest in the cryptocurrency space.

. By early 2021, the company also plans to let customers use crypto to shop with its network of 26 million retailers.

Shares of PayPal climbed over 3% in early New York trading. Bitcoin's price meanwhile rose almost 5% to trade at around $12,440, according to data from CoinDesk. "The shift to digital forms of currencies is inevitable, bringing with it clear advantages in terms of financial inclusion and access; efficiency, speed and resilience of the payments system; and the ability for governments to disburse funds to citizens quickly," PayPal CEO Dan Schulman said in a statement.

"We are eager to work with central banks and regulators around the world to offer our support, and to meaningfully contribute to shaping the role that digital currencies will play in the future of global finance and commerce." Central banks around the world have been exploring the idea of issuing their own digital currencies. Seven of the world's top central banks — including the

 

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Why? Boring

Crypto currencies get a big boost !

Hmmm can someone tell me what $PYPL is doing that wasnt available from 5 other vendors yesterday?

buckle up, here we go $BTC 🚀🚀

Been packing my bags for years, we all knew the big boys were coming. btc 🚀 🚀 🚀

Same Paypal that blocked my account for one small $ transfer to Mexico? Good luck with that.

Used to enjoy watching CNBC in the morning. jimcramer has killed that for me. Always loud Jim Repeats the same thing every day. Unwatchable.

Not Your Keys 🔑 Not Your Coins.

Welcome

Square just picked up $50 mill worth writing is on the wall

wow

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