US PayPal customers can now pay for products and services worldwide with cryptocurrency. ??
"We think it is a transition point in the existence of cryptocurrencies, so they shift from an asset class most people buy, hold, and sell now, to a funding source you can use to conduct transactions in the real world at millions of merchants."
Confirming earlier rumors to Reuters, Schulman said:
“This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your PayPal wallet.”
PayPal’s announcement came about a week after electric vehicle maker Tesla said it has started accepting Bitcoin as a form of payment for any of its products.
In order to address this issue, PayPal aims to do so. “We think we are in a transitional point where cryptocurrency is moving from primarily being an asset class in which you buy, own, and or sell to becoming a funding method for real-world transactions with millions of merchants,” said the company's CEO. “Image credit: Pixabay Tag: bitcoinDan SchulmanPaypalTesla .” The company’s CEO added:
“We think it is a transitional point where cryptocurrencies move from being predominantly an asset class that you buy, hold, and or sell to now becoming a legitimate funding source to make transactions in the real world at millions of merchants.“
Image Credits: Pixabay