The largest payment giant PayPal is likely to partner with New York-based company Paxos to develop its cryptocurrency service, according to CoinDesk. So far, the parties have not made an official statement on this matter, however, it may be published this week.
Experts believe that the introduction of a cryptocurrency service will allow PayPal to occupy its niche among companies that already work with digital assets (in particular, Square and Robinhood). The payment giant’s vast audience will become a tool for distributing digital assets to more than 300 million users.
We add, earlier PayPal announced its intention to enable the option of buying and selling cryptocurrencies, as well as their storage. Perhaps the project will be launched in the fall of this year.
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