bitFlyer Europe announced today that he has integrated PayPal for the purchase of cryptocurrencies on your platform. According to the company, the integration aims to facilitate the adoption of crypto assets and make trading easier and more secure.
Andy Bryant , bitFlyer Europe's chief operating officer, explained:
“We are proud to offer users the opportunity to use their PayPal accounts to deposit funds to buy crypto. The PayPal integration adds a new funding source for bitFlyer users. Thousands of bitFlyer users already use PayPal for fiat transactions. Now, users can also buy bitcoins and other cryptocurrencies in the same way. "
The integration offers bitFlyer users an alternative to traditional payment methodssuch as credit cards and bank transfers. Traditional payment methods can often take up to three business days to clear deposits. However, with PayPal, deposits are practically instantaneous.
“The crypto space is still in its infancy, and despite the growth of the ecosystem, the industry remains daunting for newcomers. With approximately one third of European eCommerce payments processed through PayPal, we are more than happy to offer users a deposit method they know and trust. The process to deposit through PayPal is completely simple, safe and reliable, and users receive credits almost instantly ”. added Jacek bastin, director of business strategy at bitFlyer Europe.
bitFlyer Europe was launched in January 2018 as a wholly owned subsidiary of bitFlyer, Inc., a regulated company in Japan, the United States, and Europe, recognized as one of the only 10 exchanges that do not counterfeit trading volumes.
bitFlyer, however, is not the only one using PayPal, as Coinbase has long integrated it into their payment methods.
Buy cryptocurrencies with PayPal
Meanwhile, yesterday a new confirmation arrived on the hypothesis that PayPal is about to integrate cryptocurrency trading.
Sandi Bragar, CEO of Aspiriant, said the company is working with retailers to bring cryptocurrencies to the e-commerce sector.
Last June, information was leaked that PayPal is in the process of allowing cryptocurrencies are bought and sold directly from your platform.