Paypal: Direct purchase and sale of cryptocurrency soon?

Paypal: 305 million users and soon many more?

Online transactions are multiplying

A place for crypto and Blockchain engineers

Buy and sell bitcoin on paypal soon

Paypal: 305 million users and soon many more?

Being a platform for online payments, Paypal allows buyers and sellers to send and receive money online. PayPal has more than 100 million accounts in 202 countries and regions of the world and has more than 300 million users. The fintech giant uses data encryption and anti-fraud technology to help its customers secure their information.

Online transactions are multiplying

It is not yet known which cryptocurrencies will be supported, but according to Coindesk sources, Paypal would probably include multiple different exchanges. Coinbase, as well as Luxembourg’s Bitstamp, are among the names considered likely to be involved, although neither has commented on the procedure. It also appears that the scheme could be deployed “within the next three months, perhaps sooner”. This industry source told coindesk:

A place for crypto and Blockchain engineers

With the appearance of two job offers, rumors began to take shape. On PayPal’s website, you can see two job postings: the first is for the position of “Technical Manager — Crypto Engineer” for a role described as “designing, developing and maintaining key cryptographic products aimed at the availability, performance and scalability of PayPal services”. The other for a Blockchain Research Engineer who will join Fintech’s research group on “Emerging blockchain technologies, performance and their potential uses within Paypal.

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Magna Numeris

Magna Numeris is a startup developing solutions for cryptocurrency users, pushing the boundaries of conventional platforms to help grow the peer-to-peer economy