PayPal announced the launch of a cryptocurrency wallet in the coming months


PayPal payment system announced in an announcement on July 29, 2021 that it has completed the development of a cryptocurrency wallet. The company plans to introduce the innovation in the coming months. 

Back in early November 2020, PayPal customers in the United States were given the opportunity to use cryptoassets. Then users of the service got access to buy, sell, store Litecoin, bitcoin, etherium. Experts believe that soon digital currencies will be used everywhere to pay for purchases in stores, and owners of cryptoassets will be able to manage them the same way as an ordinary currency account in a bank.

According to experts, in the near future quotes will not begin to change significantly, because markets have already taken into account PayPal’s decision to create a cryptocurrency wallet. Also, experts emphasize that the service’s acceptance of digital assets may positively affect the rate of Bitcoin and altcoins in the long term.

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