2 months ago
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Cryptocurrency trading firm Crypto.com has announced PayPal as an added payment option to reduce trading barriers for its US customers.
Enthusiasts can now use PayPal to buy over 350 cryptocurrencies. The exchange will also launch the new services to more jurisdictions soon.
US Customers: You can now use @PayPal to fund purchases of crypto in the Crypto.com App, taking us one step closer to our vision of cryptocurrency in every wallet! 👛 Supports 350+ tokens ⚡ Direct and instant processing 🌎 Coming soon to other regions! Simply add…
This means crypto enthusiasts in the United States can now fund their Crypto.com wallets using PayPal and purchase the crypto of their choice.
That will potentially bolster cryptocurrency adoption with reduced transaction challenges.
According to Crypto.com President Eric Anziani,
Integrating traditional and digital payment capabilities is critical to the continued mainstreaming of cryptocurrencies. PayPal is the digital commerce leader and shares our vision of consumers being able to safely and efficiently engage with digital currencies. We are tremendously proud to further our efforts with PayPal to continue to provide consumers around the world the most comprehensive and convenient crypto experience.
Meanwhile, authorized Crypto.com users in the United States can add PayPal as an additional payment option for digital token purchases or to fund Crypto.com Visa Cards.
Crypto.com had previously worked with the payments giant to make the former the preferred exchange for stablecoin PYUSD, allow PayPal to Crypto.com Visa Card transactions, and launch PYUSD on Crypto.com Pay – the exchange’s payment solution.
Recent data show PayPal is among the top payment apps for Americans, with 3 out of 4 people actively using its services.
Crypto.com looks to bring this audience to the digital assets marketplace by allowing PayPal users to interact with cryptocurrencies seamlessly.
Meanwhile, the latest addition of PayPal as a transaction option for US customers reflects Crypto.com’s initiative to send crypto mainstream.
Crypto.com collaborates with Standard Chartered Bank
The Singapore-based crypto exchange has joined forces with Standard Chartered Bank to add euro, UAE dirham, and US dollar options for its users.
The new services will allow users in over 90 jurisdictions to deposit and withdraw EUR, USD, and UAED through Crypto.com’s app.
✅ First to offer seamless USD, EUR and AED deposit and withdrawal in over 90 countries. We’re excited to announce the launch of global retail services to our millions of users worldwide, powered by Standard Chartered Bank from our Dubai hub. Learn more: crypto.com/company-news/c…
Further, UAE clients will initially enjoy the new services before launching in other countries.
Dubai’s VARA regulations and Standard Chartered Bank will boost this global expansion.
The VARA regulatory framework will guarantee a secure atmosphere that boosts crypto adoption, matching Crypto.com’s growth strategies.
UAE users will access Crypto.com retail services and products through the exchange’s app starting next month. Individuals in the United Arab Emirates can buy, hold, sell, or trade over 250 digital coins. Meanwhile, this initiative will gradually extend to global customers. up
Crypto.com’s latest moves underscore the exchange’s dedication to offering high-end and user-friendly investment services for global customers. Moreover, its compliant approach sets the trading firm up for robust growth in the upcoming times.
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