Cryptocurrency exchange bitFlyer Europe announced on Monday it formed an integration with global payments platform PayPal. bitFlyer reported that the integration allows PayPal’s European users to be able to deposit funds to the bitFlyer Europe platform to purchase cryptocurrencies safely and securely. The crypto portal also revealed:
“The integration is the latest step by bitFlyer to deliver on their mission of making cryptocurrency trading safer and more accessible globally, and to support and protect users who may be new to cryptocurrency as well as more experienced traders.”
bitFlyer further explained that the integration provides its users with an alternative to the traditional deposit payment methods currently accessible through the bitFlyer Europe trading platform, which includes wire transfers. Jacek Bastin, Business Strategy Manager at bitFlyer Europe, also stated:
“The cryptocurrency space is still in its infancy, and despite the ecosystem growing, the industry is still daunting for newcomers. Given that approximately a third of European e-commerce payments are being processed through PayPal, we are more than thrilled to provide users with a deposit method they know and rely upon. The process to deposit through PayPal is entirely frictionless, secure and reliable, with users to be credited near to instantly.”
Andy Bryant, COO of bitFlyer Europe, the concluded:
“The integration of PayPal adds a new funding source for bitFlyer users. Thousands of bitFlyer users already use PayPal for fiat transactions. Now, users can purchase bitcoin and other cryptocurrencies in the same way too.”
bitFlyer Europe made its debut in January 2018 as a fully owned subsidiary of bitFlyer, Inc.