Crypto.com, a leading cryptocurrency platform with a user base exceeding 100 million, has announced a new partnership with PayPal.
Thanks to the partnership, US-based users can now link their PayPal accounts to their Crypto.com wallets, making it easier to purchase cryptocurrencies directly through the platform.
Transferring funds from PayPal to Crypto.com
The integration allows fund transfers from PayPal to Crypto.com, allowing users to buy a wide range of digital assets available in the US market, with other regions set to be covered soon.
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Eric Anziani, President and COO of Crypto.com, emphasized the importance of bridging traditional and digital payment systems, stating:
“Further integrating traditional and digital payment capabilities is critical to the continued mainstreaming of cryptocurrencies. PayPal is the digital commerce leader and shares our vision of consumers being able to safely and efficiently engage with digital currencies. We are tremendously proud to further our efforts with PayPal to continue to provide consumers around the world the most comprehensive and convenient crypto experience.”
Jose Fernandez da Ponte, PayPal’ Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies, echoed this sentiment, stating:
“PayPal has long believed in providing consumers choice, and our work with Crypto.com to provide our mutual users the ability to use PayPal to fund their crypto.com purchases is another step in that journey,” said Jose Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies, PayPal. “We’re very excited to offer this ability and expand our collaboration with Crypto.com.”
Wrap-up
Eligible US users can now use PayPal as an alternative payment method for crypto purchases or to fund their Crypto.com Visa Card.
This new feature is the latest in a series of collaborations between Crypto.com and PayPal, set to establish Crypto.com as a preferred exchange for PayPal USD (PYUSD).
