• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Cryptos

PayPal Crypto service on high demand

Olumide Adesina by Olumide Adesina
November 5, 2020
in Cryptos
PayPal acquires shopping browser extension company for $4 billion
Share on FacebookShare on TwitterShare on Linkedin

Payments giant, PayPal, says it’s receiving high support for its Crypto service more than it anticipated in its Q3 2020 Earnings Conference Call on Youtube.

What you should know: A few weeks ago, Nairametrics disclosed PayPal’s plan to provide its users the opportunity to buy, hold, and sell cryptos directly from their PayPal account by early next year.

READ: Why Bitcoin might go for $3 million in 2025

RelatedStories

Bitcoin

Bitcoin shows buyers’ exhaustion, struggles under $108K

June 27, 2025
Bitcoin

Hawkish Fed, Israel–Iran conflict cage Bitcoin

June 19, 2025

It hinted at a strategy to significantly boost its crypto’s utility capability by making it readily available as a funding source for purchases by its 26 million clients globally.

What they are saying: PayPal CEO, Dan Schulman, disclosed its clients are signing up to be the first to use the company’s crypto services at an alarming rate. PayPal has started to permit 10% of its customer base to buy, sell, and hold Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.

READ: BTC bounty: 69,000 Bitcoins worth $700 million waiting for you

Schulman said, “We’re going to take up our $10,000 limit per day to $15,000 per day, based on the demand that we’re seeing and we’ll roll out to 100% in the U.S. in the next two to three weeks. We’re beginning to already see some halo effects that go on with that.

“But what I’m really excited about is what we’re going to introduce next year, which is, I think, going to dramatically increase the utility of cryptocurrencies, by enabling somebody who holds a cryptocurrency in a PayPal account to instantaneously transfer that crypto into fiat currency at a step rate. So, volatility is taken out of the equation, with no incremental fees charged for them to do that transaction from crypto into fiat

READ: 200 Bitcoins worth $2.4 million to be won as prize money

“Then immediately settle in fiat with all $28 million of our merchants at our current take rates and so you have no additional integration needed at any of our merchants. This is just an elegant way of using cryptocurrencies as a funding mechanism.”

Schulman gave key insights on why the global payment company was going crypto.

READ: 6 features to look out for in a Cryptocurrency

“The shift to digital forms of currencies is inevitable, bringing with it clear advantages in terms of financial inclusion and access, efficiency, speed, and the resilience of the payments system and the ability for governments to disburse funds to citizens quickly,” he added.


Follow us for Breaking News and Market Intelligence.
Tags: BitcoinBitcoin CashDan SchulmanEthereumPaypal
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

Related Posts

Bitcoin
Cryptos

Bitcoin shows buyers’ exhaustion, struggles under $108K

June 27, 2025
Bitcoin
Cryptos

Hawkish Fed, Israel–Iran conflict cage Bitcoin

June 19, 2025
Bitcoin is now a ‘safe-haven coin’ of the crypto market, Octa broker says 
Companies

Bitcoin is now a ‘safe-haven coin’ of the crypto market, Octa broker says 

May 29, 2025
What does liquidity mean in crypto? 
Opinions

What does liquidity mean in crypto? 

May 23, 2025
ETFs, Crypto Market
Cryptos

Bitcoin surges past $104K as markets react to US-China trade progress 

May 11, 2025
Bitcoin investors record losses of over $7 billion in recent market sell-off
Breaking News

Bitcoin reclaims $100K for the first time in three months 

May 8, 2025
Next Post
MSME, world bank, FG seeking FDI to develop Special Economic Zones - Trade Minister, FG clamps down on filling stations, others for faulty measuring and weighing equipment, AfCFTA: Nigeria securing approval to ratify agreement- Trade Minister, FG meets group to access AfCFTA's $650 billion market, UNIDO’s $60m investment programme to boost Nigeria’s industrialisation - FG, FG to strengthen economic ties with Turkey, FG moves to facilitate tax incentives for SMEs, Made-in-Nigeria vehicles gulp N364 billion from FG

AfCFTA: Improving guidance on standards can make Nigeria a beneficiary - Trade Minister

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • JAMB releases 2025 UTME mop-up results across Nigeria 
  • Nigeria placed 3rd in Africa for highest Air Ticket charges in 2024 – New Report
  • Nigeria Customs warns public against fake July CBT recruitment shortlist, vows actions against fraudsters 

Follow us on social media:

Recent News

2025 UTME: JAMB to investigate mass complaints over low scores and technical issues 

JAMB releases 2025 UTME mop-up results across Nigeria 

July 6, 2025
Airlines, African airlines

Nigeria placed 3rd in Africa for highest Air Ticket charges in 2024 – New Report

July 6, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics