Paypal and Crypto.com Collaboration for Crypto Payment Revolution

Bittime - Crypto.com, one of the leading cryptocurrency trading platforms, has just announced a strategic collaboration with digital payments giant, PayPal. This step is predicted to open a new chapter in the adoption of digital assets among the general public.

This collaboration allows Crypto.com users in the US to fund their crypto purchases using a PayPal account. By connecting PayPal and Crypto.com wallets, users can now easily transfer digital assets without any hassle. 

Although this feature is currently only available in the US, Crypto.com plans to expand this service to global markets in the future.

Crypto.com and PayPal Mission Increase Crypto Adoption

Eric Anziani, President and COO of Crypto.com, emphasized that the integration of traditional and digital payment systems is critical to mainstream crypto adoption. 

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"PayPal is a leader in digital commerce and shares our vision of consumers being able to safely and efficiently engage with digital currency," said Anziani. 

He added, "We are very proud to continue our efforts with PayPal to continue to provide the most comprehensive and convenient crypto experience for consumers around the world."

The presence of PayPal as a new payment method not only enriches the choices for Crypto.com users. However, it allows users to top up their Crypto.com Visa Card balance more easily. 

This is a further step from previous collaboration between the two companies. Wherein, Crypto.com has been designated as the exchange of choice for PYUSD, a stablecoin issued by PayPal.

Also read: Eric Trump Announces Launch of New Crypto Project, World Liberty Financial

PayPal Shares Rise on Announcement of Collaboration with Crypto.com

The announcement of this collaboration coincided with a surge in PayPal shares which reached more than 26% this month. Interestingly, PYUSD's market capitalization has just crossed the $1 billion mark (around IDR 15.4 trillion), showing extraordinary growth from its starting point of $264 million (around IDR 4 trillion) at the start of this year. 

With this development, PayPal has the potential to earn significant interest income from PYUSD.

This collaboration between Crypto.com and PayPal is not just about making transactions easier. But, this collaboration is also about building a bridge between the world of traditional finance and blockchain innovation. 

By combining the security and trustworthiness of PayPal with the flexibility and growth potential of cryptocurrencies, these two companies are paving the way for wider crypto adoption among the general public.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn How to Buy Crypto on Bittime.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.