Bitcoin and PayPal, an association that offers concrete benefits

marzo 23, 2022

luxuriestadmin

Cryptocurrencies have revolutionized the financial world by representing a concept of money that had never been thought of before. Of course, its growth in 2008 is due to the creativity of its creator (Satoshi Nakamoto) and the development of technology. The last few years have seen some major changes in the status of bitcoin and the subsequent cryptocurrency on the list of the most traded digital currencies.

First of all, the most important change is the increase in their prices. While the value of Bitcoin has seen some historic gains, 2020 and 2021 saw significant milestones in its performance for a number of reasons.

PayPal takes the lead

PayPal takes the lead with Bitcoin. It all started in October 2020, but the project began to bear fruit in March 2021, when PayPal began accepting payments in bitcoin (the stores that participate in these purchases receive dollars). Similarly, PayPal has become an American bitcoin exchange house (the official BitCode Options website) and also a storage or custody platform for this cryptocurrency.

The ability to buy bitcoins using this payment platform in the US is a feature that Americans have been waiting for a long time, so PayPal’s financial strategy did not come as a surprise.

What is it like to pay with Bitcoin in PayPal

Today, PayPal is a hacked broker that can make bitcoin payments. This is possible thanks to the cryptocurrency balance that the user stores in PayPal. When this option is selected, the system will display the amount of bitcoins that will be debited from the user. PayPal will take care of the currency exchange, from bitcoin to dollars through the purchase and sale to make the payments. Behind the whole process are Paxos experts in collaboration with PayPal; It is a company that has a lot of experience in these businesses.