Recently there have been rumors that the traditional payment giant PayPal would have a crypto option on its platform. Although he has no additional information on the legitimacy of the rumors, the head of operations is OKCoin, Jason Lau, He said PayPal’s digital assets would continue to drive mass adoption of cryptocurrencies.
“If a traditional player likes, PayPal, What is wrong with that 325 million users“Entering the cryptocurrency space will certainly have a positive impact by introducing cryptocurrencies to a large new audience,” he said. Lau to Cointelegraph by email on June 24th.
PayPal rumors and job openings emerge
Rumors that PayPal would add cryptocurrencies to its platform came online on June 22. Along with these rumors: Some job openings were posted on the Internet by PayPal, where he was looking for specialized engineers with cryptocurrencies and blockchainVery little information on this topic has been confirmed. However, According to previous Cointelegraph reports, PayPal declined to comment on these rumors.
Since the public is not entirely sure whether PayPal generally accepts cryptocurrencies on their platform, The specific details of this possible assumption remain unconfirmed. “It remains to be seen whether they simply offer the customer a price risk or whether they will allow the chain’s full ownership to send money to an external wallet,” he said. Lau.
“Complete control over your cryptocurrencies offers users a very important level of security and utility.”added Lau.
People start with the basics
Cryptocurrencies in a payment giant are synonymous with exposure. “PayPal by adding cryptocurrencies would increase awareness, acceptance, and a new low-friction payment method for its home users,” said Lau.
When people hear about cryptocurrencies, they often intervene in a more conventional, simple and user-friendly way.
“Typically, our users start with cryptocurrencies through an app like Square Cash, Robinhood, and now possibly Venmo, and then come to OKCoin to develop and execute their investment and trading plans.”said Lau, after mentioning that OKCoin and other exchanges are more complex, offers additional functions.
“As with fiat money, investing usually happens after people learn to buy, save and trade an asset. We are excited to see how more platforms are offering users the ability to give it first Step towards cryptocurrencies to expand the market. “
PayPal is just the latest sign of growing traditional interest in cryptocurrencies that has been observed throughout 2020. These include billionaire investor Paul Tudor Jones and Harry Potter author J.K. Rowling comments on Bitcoin on Twitter.