The truth about PayPal's crypto friendliness
The PayPal payment transfer platform was launched in 1998 and allows you to send and receive money online.
PayPal Crypto Adoption
PayPal announced in Oct 2020
that it would integrate cryptocurrency into its ecosystem. As of today, 350 million PayPal accounts have gained access to crypto.
Supported currencies by the PayPal
3. Bitcoin Cash
Is PayPal really Crypto-friendly?
The app does not support crypto storage but it added wallet support in June 2022.
It is crypto-friendly but with a few restrictions.
1. Compulsory KYC
2. W-9 Taxation form
3. No Lending
4. No staking feature
5. High transfer cost compared to exchange
If you want to integrate crypto into your paying platform and make a payment app like PayPal, contact a mobile app development company now!