PayPal users in the United States and the United Kingdom will be able to use this payment platform to buy, sell and store cryptocurrencies, although it has a trick that will not please enthusiasts of these virtual currencies.
It is no longer strange to hear about cryptocurrencies. This virtual money has managed to make its way into the lives of many people, even those who, at first, knew absolutely nothing about this terminology.
Its adaptation has been slow, but it seems that in 2021 it has already begun to bear fruit. Companies such as Samsung have launched products on the market so that users can control the money they have stored in these formats.
This is not something new, as in October last year we already saw how they were preparing the arrival for this type of transaction. The cryptocurrencies supported, as is logical, will be the most popular ones such as Bitcoin, Ethereum, and Litecoin.
Niche or unreliable virtual currencies will not be supported in this system for logical reasons. The possibilities that the user has now are: buy, sell and store cryptocurrencies in PayPal.
However, if any of you are thinking of using PayPal’s security to buy and then transfer these cryptocurrencies to physical storage, we have some bad news. PayPal does not support this type of transaction.
Anything bought, sold, or moved will remain within the platform. Cold wallets will not be able to be used, so users who are more paranoid about their cryptocurrencies may not find PayPal a reliable solution.
Payments using cryptocurrencies via PayPal have already been extended to the United States and the United Kingdom. For now, these are the only countries that support this, although it is likely that more countries will join this list in the future.