Crypto.com, a cryptocurrency trading company in the United States, has added PayPal to its payment options as a way to lower trading barriers.
PayPal allows enthusiasts to purchase over 350 crypto currencies. Soon, the exchange will launch its new services in more countries.
US customers: you can now fund Crypto.com App purchases with @PayPal, bringing us closer to the vision of cryptocurrency being in every wallet. Instant and direct processing Supports over 350 tokens Coming Soon to other regions Add…
Crypto enthusiasts can purchase crypto using PayPal in their Crypto.com wallets.
This could potentially boost cryptocurrency adoption by reducing transactional challenges.
Crypto.com’s President Eric Anziani said:
Integration of traditional and digital payments is crucial to mainstreaming cryptocurrencies. PayPal, the leader in digital commerce, shares our vision that consumers should be able to engage safely and efficiently with digital currencies. PayPal is a great partner to help us continue providing the best crypto experience to consumers worldwide.
Those authorized Crypto.com US users can also add PayPal to their payment options for purchasing digital tokens or funding Crypto.com Visa cards.
Crypto.com and the payment giant had worked together in the past to establish Crypto.com as the preferred exchange of stablecoin PYUSD. PayPal Visa Card payments to Crypto.com were also allowed, along with PYUSD being launched on Crypto.com’s own payment system, Crypto.comPay.
PayPal has been ranked as the most popular payment app in America by recent data, which shows that 3 of every 4 Americans actively use its services.
Crypto.com wants to attract this market to the marketplace for digital assets by allowing PayPal customers to seamlessly interact with cryptocurrency.
Crypto.com has been working to bring crypto into the mainstream. The latest addition of PayPal for US-based customers is a reflection of this.
Crypto.com partners with Standard Chartered Bank
Standard Chartered Bank, a Singapore-based bank, has teamed up with the crypto exchange to offer its customers euro, UAE dirham and US dollars options.
Crypto.com app will now allow you to withdraw and deposit USD, EUR and UAED in more than 90 countries.
The first to offer USD, EUR, and AED withdrawal and deposit in more than 90 countries. Standard Chartered Bank has launched global retail services for our users in Dubai. Learn more: crypto.com/company-news/c…
In addition, UAE customers will be the first to enjoy these new services prior to their launch in other countries.
Dubai’s VARA regulation and Standard Chartered Bank are expected to boost global expansion.
VARA’s regulatory framework ensures a safe environment that encourages Crypto.com to grow.
Next month, UAE users can access Crypto.com’s retail products and services through its app. In the United Arab Emirates, individuals can purchase, trade, and hold over 250 digital currencies. This initiative is gradually being extended to customers around the world. Up
Crypto.com has made a number of recent moves that show its commitment to providing high-end, user-friendly services. The trading company’s compliant strategy will help it grow in future.
The ICD published the following article: Crypto.com and PayPal partner for easy crypto purchase in US
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