Another big update from the FTX team: PayPal has now been added to the exchange.
FTX Adds PayPal
FTX users will now be able to make instant fiat deposits through PayPal, the cryptocurrency exchange has announced.
The exchange confirmed that PayPal supports deposits for “*any currency*, more or less,” as PayPal has a currency converter. The payments service also allows card deposits. There’ll also be a fee to use it.
The exchange’s CEO Sam Bankman-Fried hinted at the news yesterday when he tweeted an image of the PayPal logo. His followers quickly began to speculate over what the post could mean. Some thought it could reference FTX’s tokenized PayPal stocks; the exchange has listed several big companies in recent months. Apart from PayPal, some of Silicon Valley’s big tech giants, and others like Airbnb, FTX also added GME, Dogecoin, and silver amid the WallStreetBets-led GameStop drama.
Last week, it even added futures for the Tokyo Olympics. Each of the listings has helped FTX earn a reputation for being the most agile exchange in the cryptocurrency industry.
PayPal’s involvement with FTX isn’t a huge surprise, either.
The payments company has been making clear moves towards adopting cryptocurrencies recently, adding support for BTC, ETH, and others late last year. In December, the company’s CEO, Dan Schulman, said that he was “bullish on digital currencies of all kinds.”
Disclosure: At the time of writing, the author of this feature owned ETH and several other cryptocurrencies.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Source: Read Full Article