Does PayPal can accept bitcoin payments???
Cryptocurrency has been popular since July 2020 and cryptocurrency has increased by 89% since PayPal announced that PayPal services can buy various BTC ( Bitcoin ), Ethereum ( ETH ), Litecoin ( LTC ) in 2021.
Does PayPal can accept bitcoin payments???
Yes, users can buy all types of bitcoin using the payment method via PayPal. Users do not need to pay bitcoin using cash or pay via conventional banks.
How does it work?
PayPal as an intermediary for making bitcoin payments online has 3 ways, namely:1. Peer to peer landing
PayPal provides a way to buy bitcoin with P2P Landing. Peer to peer landing is a kind of platform where the lender gives virtual money to crypto borrowers and then the borrower can receive their goods after paying off the loan.The way it works is that the borrower pays back the cryptocurrency together with a dependent interest rate. Within a few days, the borrower will then pay back the borrowed cryptocurrency along with the interest rate. The platforms that provide services are Xcoin, Grupeer, Mintos.
2. Peer-to-peer market
Users can buy bitcoins through PayPal services with a peer to peer market system. The peer to peer market buying bitcoin system gives sellers the freedom to set prices to buyers.For buyers if you want to buy bitcoin through peer to peer market, Buyers can filter the search from the offers available in the market by selecting the seller with the most reviews. The platforms that provide services are LocalBitcoins or Paxful.
3. Exchange Cryptocurrency
Exchange Cryptocurrency is an exchange that brings together buyers and sellers on the same one site to buy various types of bitcoin that are traded there.One of the platforms that uses this system is Coinbase. Buy bitcoin on Coinbase it's very easy like users goes to online shopping on the marketplace .
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