Blockchain
PayPal Allows U.S. Businesses Account to Buy and Sell Crypto
PayPal has rolled out a new update, enabling U.S. businesses to buy, hold, sell, and transfer cryptocurrencies directly from their business accounts. This feature, which was previously available to individual users, is now accessible to business owners, although it will initially be unavailable for business accounts in New York State.
The update highlights the growing interest of businesses in adopting digital currencies for both operations and investments. PayPal’s SVP of Blockchain, Cryptocurrency, and Digital Currencies, Jose Fernandez da Ponte, stated that the new functionality allows small businesses to engage with digital assets seamlessly.
In addition to buying, holding, and selling cryptocurrencies, businesses now have the option to deposit and withdraw assets to and from external wallets, offering more flexibility for managing their digital assets outside the PayPal platform.
This development builds on PayPal’s earlier ventures in the crypto space, such as the introduction of its stablecoin, PayPal USD (PYUSD), in 2023. PYUSD, which is backed by USD deposits and U.S. Treasuries, is usable across PayPal, Venmo, and for cross-border transactions through Xoom.
Through this update, PayPal is further solidifying its presence in the cryptocurrency market and providing companies with enhanced tools to manage their digital assets more effectively.
Source: cryptotimes.io
The post PayPal Allows U.S. Businesses Account to Buy and Sell Crypto appeared first on HIPTHER Alerts.
Join us in our 10th-anniversary celebrations – special campaigns every week!
bitFlyer Europe S.A. is launching 17 new crypto-assets over the next four weeks to celebrate 10 successful years of the bitFlyer Group. Each week we will launch a new crypto-assets campaign and each week you can win exciting prizes! Our first campaign started September 26, 2024 with the launch of Axie Infinity (AXS), Decentraland (MANA), Immutable (IMX), and The Sandbox (SAND)!
Here is our campaign calendar** for the next three weeks:
- Week 2 (October 3, 2024: ApeCoin (APE), Chilliz (CHZ), Ripple (XRP), Palette Token (PLT).
- Week 3 (October 10, 2024): Avalanche (AVAX), Mask Network (MASK), The Graph (GRT), Chainlink (LINK).
- Week 4 (October 17, 2024): Flare (FLR), Symbol (XYM), Nem (XEM), Dogecoin (DOGE), and Shiba Inu (SHIB).
* Visit our 10th-anniversary site for more details. (https://bitflyer.com/en-eu/s/lp/10th-anniversary). Terms and conditions apply.
** The listing schedule is subject to change.
“These new crypto-assets not only allow customers to benefit from a more diverse environment for their investments but also gives them the opportunity to participate in cutting-edge web3 projects,” said Ms Ami Nagata, CEO of bitFlyer Europe.
“With a firm foundation in Japan and a strong regional presence in Luxembourg, bitFlyer serves a large loyal customer base that reflects its global reach. bitFlyer is truly glocal,” added Mr Yuzo Kano, founder and CEO of the bitFlyer Group.
How to Create an Account: If you are not already using our market
If you are not already using our market leading services, you can create an account and start your crypto journey with bitFlyer today. Visit our website or download the bitFlyer App on iOS and Android.
The post Join us in our 10th-anniversary celebrations – special campaigns every week! appeared first on HIPTHER Alerts.
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