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Domainers: #PayPal to allow #cryptocurrency transactions in 2021

BTC

PayPal is slated to allow cryptocurrency transactions on its network early in 2021, making it easier for domain investors to utilize Bitcoin.

PayPal hopes the service will encourage global use of virtual coins and prepare its network for new digital currencies that may be developed by central banks and corporations.

PayPal has 346 million active accounts around the world and processed $222 billion in payments in the second quarter.

BTC was up 3% following the news.

Many domain investors use Bitcoin and other cryptocurrencies in general, and to buy and sell domain names in particular.

Drew Rosener of Media Options – a crypto believer – notoriously closed on a deal acquiring Yellow.com with BTC.


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