bitFlyer Europe Integrates PayPal Deposits To Their Platforms
bitFlyer Europe Integrates PayPal Deposits To Their Platforms
September 22, 2020
bitFlyer Europe Integrates PayPal Deposits To Their Platforms
bitFlyer Europe Integrates PayPal Deposits To Their Platforms
September 22, 2020

bitFlyer Europe, one of the largest Japanese cryptocurrency exchanges, has integrated PayPal deposits to their platforms.

It has been reported that the official announcement calls bitFlyer’s integration with PayPal a significant move in bridging the gap between the fiat and cryptocurrency world for European users.

However, while bitFlyer Europe already supports wire card transfers, it takes between one to three days for clearance, as the integration of PayPal is expected to make deposits almost instant.

Jacek Bastin, the Business Strategy Manager of bitFlyer Europe, said that the users will now be able to directly deposit euros to their wallet to trade cryptocurrencies.

He added:

“bitFlyer charges no handling or processing costs on top of the fees charged by PayPal.”

It has been analyzed that as PayPal has a worldwide user base of more than 340 million and handles almost 35% of all eCommerce transactions in Europe, it may expose a wide number of European netizens to bitFlyer exchange and also cryptocurrencies in general.

ALSO READ :  Atari Announces Its “Atari” Token Will Be Able To Spend It On Betting, Gaming, And Shopping

Moreover, without disclosing details, Bastin said that bitFlyer Europe was working on other ways to make cryptocurrency trading more accessible and secure.

Thus, besides bitFlyer’s move to expand into the United States and Europe, PayPal is gearing up to innovate using cryptocurrencies and blockchain.

Source: Cointelegraph


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
Share This

Share This

Share this post with your friends!