PayPal inches towards adopting cryptocurrency trading

Several reports have recently noted that PayPal is planning to integrate cryptocurrency trading into its platform.

It is important to note that PayPal has yet to confirm this rumor. However, several tech insiders have pointed out that the tech giant is preparing its platform to support such transactions. There are some hints that the platform is already on the final stage of development to incorporate such features.

The rumors

Rumors started to emerge sometime in June about PayPal entering the cryptocurrency market. The company, alongside its subsidiary Venmo, was reportedly working on the project. At that time, the project was supposed to integrate 325 million users into the new system.

According to Coindesk, a handful of cryptocurrency exchange platforms are also joining the deal. Among which are BitGo and Coinbase. However, further investigation revealed that those are just mere rumors.

When the original report was published, it hinted that PayPal is also launching a cryptocurrency trading platform. The most interesting part of it is that the company plans to roll it out in just three months. This led many to believe that the company plans to roll out its new service in September.

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Source: PayPal inches towards adopting cryptocurrency trading