Paypal, the largest debit electronic payment system in the world, allowed users from the US to pay in online stores around the world with cryptocurrency. This was told by the President and general director of the company Dan Schulman, reports Reuters.
Recognize Bitcoin, Lightcoin, Ether and other electronic “coins”, against which the financial authorities of many states are configured, the system decided with the help of free conversion to traditional currencies without commission. The startup date of the service is not indicated, but this will happen in the coming months.
The main problem of Bitcoin remains high volatility, which, in turn, is associated with the difficulties of using it as a means of means. Paypal expect their initiative to mitigate the problem.
In October, the payment system allowed users from the US to buy, keep and sell cryptocurrency without a commission. At the same time, current changes were announced, but without specifics.
Schulman’s application followed after just a week after the head of Tesla Ilon Mask stated that the automaker starts selling his electrocars for bitcoins. So far only in the United States, but by the end of the year such an opportunity will be in all countries of the world. On March 29, the plans to allow the use of cryptocurrency USD Coin during transactions in its network announced the VISA payment system.