PayPal introduced its own “Cryptocurrency Hub”
The digital platform continues to show commitment to the world of cryptocurrencies, with the launch of this new tool
Electronic payment giant PayPal continues to demonstrate an unwavering commitment to Blockchain technology and cryptocurrencies, even after the recent launch of its own stablecoin earlier this month.
The brand new “Cryptocurrencies Hub” will allow users to maintain and interact with Bitcoins and cryptocurrencies through their PayPal account, as established by the new terms and conditions of the platform.
“If you establish and access the Cryptocurrency Center, you will be able to maintain a balance of crypto assets and buy, sell, receive and send digital assets,” PayPal noted.
Electronic payments giant PayPal shows no sign of slowing down its dedication to Blockchain technology and cryptocurrencies, despite launching its own stablecoin earlier this month.
The company made it clear that if anyone tries to receive or hold digital assets in its cryptocurrency hub that are not supported by PayPal, or if someone tries to send those unsupported digital assets to you, they will be permanently lost.
On the other hand, users will have the possibility of acquiring cryptocurrencies using the funds available in their PayPal account or using the PYUSD Stablecoin. However, the PayPal Crypto Center will not support the use of credit cards to purchase crypto assets directly.
Additionally, users will be subject to a purchase limit of $100,000 and a weekly sending limit of $10,000 in cryptocurrency.
K. Tovar
Source: Criptotendencia
(Reference image source: Tech Daily, Unsplash)
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