Crypto.com, which claims to be trusted by more than 100 million customers worldwide and the industry leader in regulatory compliance, security and privacy, announced this past week that users in the U.S. can add PayPal (NASDAQ:PYPL) as a payment method to fund purchases of cryptocurrencies.
By connecting their PayPal and Crypto.com wallets, users in the U.S. “can seamlessly transfer funds from PayPal to Crypto.com to purchase the range of crypto tokens available in their market.”
This feature will soon be “available in additional markets beyond the U.S.”
Eric Anziani, President and COO of Crypto.com said:
“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.”
Eligible Crypto.com users in these markets can now “add their own PayPal account as an alternative payment method for crypto purchases, or to top up their Crypto.com Visa Card for users in the U.S.”
Jose Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies, PayPal said they long believe in providing consumers with choice.
This milestone marks the latest collaboration “between Crypto.com and PayPal, following initiatives to enable the use of PayPal to top up the Crypto.com Visa Card, establish Crypto.com as a preferred PayPal USD (PYUSD) exchange and enable PYUSD on Crypto.com’s payment solution, Crypto.com Pay.”
Founded in 2016, Crypto.com says that it “is trusted by more than 100 million customers worldwide and is the industry leader in regulatory compliance, security and privacy.”
