PayPal Plans for 2021 to Include Global Crypto Currency

23 Nov

With 2021 just around the corner, people are beginning to look to the big names in the digital world for their intended updates to their business model. PayPal is one big name that’s not planning to disappoint. In fact, the company has great plans for its digital wallet platform as well as its various apps.

If you are a PayPal user, you are in for a real treat as the company plans to incorporate a plethora of new features in their next update. Some of these include:

  • Buy now and pay later functionality
  • Subscription management
  • Crypto support
  • Enhanced direct deposit
  • Check cashing
  • Budgeting tools
  • Bill pay

The new feature that has probably got the most attention from digital users is that of the cryptocurrency inclusion. PayPal plans to offer support for Bitcoin Cash, Litecoin, Ethereum, and Bitcoin.

PayPal makes cryptocurrency support available globally

The company will make it possible for users to buy, sell, and hold cryptocurrencies. If you’re in the United States, you will get the first opportunity to try out this new feature and thereafter, the service will roll out internationally. Unfortunately, it could be a while still until the service is available in South Africa.

what will PayPal’s cryptocurrency support mean for PayPal users?

In short, PayPal users will benefit from absolute shopping convenience. Imagine being able to shop on more than 28 million different online platforms using your cryptocurrency. PayPal merchants will also benefit as PayPal will seamlessly convert the cryptocurrency into the correct currency and instantly transfer it. It’s as quick and easy as clicking on a button! Of course, the payment is absolutely secure too, which is highly appreciated in current times.

last word

To anyone looking on, it appears as if PayPal is doing its best to integrate digital currencies into our everyday lives.

Do you think you will join the revolution and start using cryptocurrency too? Or do you perhaps already use crypto? Let us know your thoughts on PayPal’s latest update!

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