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Crypto trading platform Crypto.com has integrated Paypal as a payment method for U.S. users to buy cryptocurrencies, enabling transfers between Paypal and Crypto.com wallets. “Further integrating traditional and digital payment capabilities is critical to the continued mainstreaming of cryptocurrencies,” said Crypto.com’s president.
Crypto.com Integrates Paypal for Crypto Purchases
Cryptocurrency trading platform Crypto.com announced on Wednesday that U.S. users now have the option to use Paypal as a payment method for purchasing cryptocurrencies.
This integration allows users to link their Paypal and Crypto.com wallets, facilitating transfers from Paypal to Crypto.com for buying a wide range of crypto tokens. Eric Anziani, President and COO of Crypto.com, commented:
Further integrating traditional and digital payment capabilities is critical to the continued mainstreaming of cryptocurrencies.
This development is part of a broader collaboration between the two companies, which also includes enabling Paypal for topping up the Crypto.com Visa Card and supporting stablecoin Paypal USD on Crypto.com’s payment platform. “This feature will soon be available in additional markets beyond the U.S.,” the announcement adds.
Jose Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies at Paypal, emphasized the payment giant’s commitment to offering consumer choice. He opined:
Paypal has long believed in providing consumers choice, and our work with Crypto.com to provide our mutual users the ability to use Paypal to fund their Crypto.com purchases is another step in that journey.
What do you think about Crypto.com’s integration with Paypal for cryptocurrency purchases? Do you think it will help in mainstreaming digital currencies? Let us know in the comments section below.