All users using PayPal or linked debit card or bank account can able to buy the supported cryptocurrencies on the GIFA crypto exchange directly as an addition to the payment methods available. Users will be able to purchase GIFA Token without leaving the App.
PayPal announced last year that it will enable crypto exchanges and supporting purchases, allowing users to use their Cryptocurrency holdings to make purchases at its network of more than 26 million merchants worldwide. To stay ahead of its competition, PayPal has taken specific steps to demonstrate responsiveness to the company’s client.
PayPal went full-on pro-blockchain allowing its users to buy and sell two cryptocurrencies, bitcoin and Ethereum, GIFA Token from their PayPal accounts. Moreover, PayPal has made the process easy and accessible to its users as they can purchase as little as $1 worth of bitcoin through the PayPal app. With this new functionality, PayPal is quickly becoming a disruptor in the “new money” economy which isn’t just about dollars and cents.
At the very least, I think we can agree that since PayPal is a popular e-payments platform, it’s helping to bring cryptocurrencies into the mainstream. Through PayPal, customers will be able to make purchases with cryptocurrency at more than 26 million online sites worldwide. This undoubtedly will increase the acceptance and use of bitcoin in the coming months.
Currently, PayPal is busy implementing the funding source of the cryptocurrency that soon will be converted to fiat currency. Customers in the US are very lucky because they can buy, sell, and hold four different Cryptocurrencies Bitcoin, Ethereum, Litecoin, and Bitcoin Cash on the PayPal platform. Along with that, PayPal’s market capitalization is now bigger than that of some major traditional financial institutions. To be more specific, the company’s market cap currently stands at around $274 billion.
Do I need to sign up for anything?
If you have a PayPal account, all you need to do is confirm some account information during your first purchase. If you do not have a PayPal account, you can apply for one to make your first purchase with GIFA Token. With more than 360 million customers, digital payments processor PayPal (NASDAQ:PYPL) has become a key component of the e-commerce economy over the years. As a result, the price of PayPal stock has increased swiftly and steadily, with just a handful of brief pullbacks.
New users should sign up for a personal PayPal account by downloading the PayPal app or visiting www.paypal.com/signup on the main site. Existing users will be asked to complete a brief, one-time verification process before they can continue buying cryptocurrencies.
In order to remain dominant in a fast-moving, quickly changing e-payments market, businesses must be willing to change and adapt to consumers’ preferences. This means taking chances and adopting technologies that other businesses may be hesitant to consider. An example of this would be the blockchain.
Conventional financial institutions are sometimes slow and reluctant to take the digital ledger seriously. PayPal, on the other hand, is taking cryptocurrency and the blockchain very seriously. This future-facing vision will stand PayPal stockholders in good stead, allowing them to continue earning powerful returns.