Rumors: PayPal To Add Cryptocurrency Support
The largest payment system in the United States PayPal and its subsidiary, designed for mobile payments, Venmo, are going to add the function of buying and selling digital currencies in the coming months.
An anonymous source shared with the representatives of the crypto media internal company information about the implementation of such functionality in three months.
Preliminary information reveals that PayPal is going to achieve liquidity through cooperation with large crypto exchanges. The first PayPal partners can be such giants as Coinbase and Bitstamp.
A bit about PayPal
To date, the number of PayPal users exceeds 325 million. In 2018, PayPal CEO Dan Schulman spoke unflattering about bitcoin but was quite positive about the blockchain technology itself.
Last year, PayPal representatives said their specialists would study cryptocurrencies and distributed ledger technology.