Crypto.com and PayPal have joined forces to streamline cryptocurrency purchases for U.S. users. This collaboration integrates PayPal as a funding method on Crypto.com’s platform, enabling seamless transfers between PayPal and Crypto.com wallets. While initially limited to the U.S., plans are underway to expand this feature globally.
Key Features of the Partnership
- PayPal as a Payment Method: U.S. users can now fund crypto purchases directly via PayPal.
- Wallet Linking: Users link their PayPal and Crypto.com accounts for instant digital asset transfers.
- Crypto.com Visa Card Support: PayPal balances can also top up Crypto.com Visa Cards.
Market Impact and Growth
PayPal’s stock has risen 26% this month, coinciding with the milestone achievement of its stablecoin, PayPal USD (PYUSD), surpassing **$1 billion in market cap**. This growth trajectory—from $264 million earlier this year—positions PayPal to earn substantial interest income from PYUSD.
Why This Matters
Eric Anziani, President and COO of Crypto.com, highlights the significance of bridging traditional and digital payment systems:
"PayPal shares our vision of safe, efficient digital currency engagement. This partnership reinforces our commitment to delivering the most accessible crypto experience worldwide."
Expanding Collaboration
This initiative follows prior integrations, including:
- PayPal-to-Crypto.com Visa Card top-ups.
- Designating Crypto.com as a preferred exchange for PYUSD.
FAQs
Q: Which countries currently support PayPal on Crypto.com?
A: Only the U.S., with plans for international expansion.
Q: Can I use PayPal to buy any cryptocurrency on Crypto.com?
A: Yes, where supported—check Crypto.com’s payment page for details.
Q: How does PayPal benefit from PYUSD’s growth?
A: Interest earned on the stablecoin’s reserves contributes to revenue.
👉 Explore Crypto.com’s latest payment integrations
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