PayPal, Venmo to Provide Buying and Selling of Bitcoin and Altcoins?

PayPal to Provide Buying and Selling of Bitcoin and Altcoins?


Online payment giant PayPal is intended to provide direct sales of Bitcoin and altcoins to its users around the world.

As Coindesk reports, Paypal is planning to offer cryptocurrency sales to its more than 300 million users (to be more accurate, 325 million users) using its mobile payment subsidiary Venmo. As it is reported, PayPal is aimed to have a built-in wallet functionality to store cryptocurrency.

At present, PayPal can be used as another option to withdraw funds from exchanges like Coinbase. Though, this may be the 1st of its kind offering direct crypto-asset sales.

Another source that has confirmed the initiative of PayPal, mentioned that the service could be accessible in the upcoming 3 months or even earlier.

However, no comments have been shared by PayPal or Venmo.


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