Since I've been in Crypto as far back as 6 years ago, I always said as soon as PayPal get's into Crypto the world will change. This is at least a start and going in the right direction. Paypal purchase integration with crypto would be a huge win for this space. I'm clipping some quotes from the article I found below...Cheers enjoy the knowledge!
PayPal speed crypto payment with “Expedited Virtual Currency Transaction System”
A global online payment system, PayPal has filed for a patent to improve the speed of crypto payment. On March 1, the application was published by US Patent and Trademark Office that goes with “Expedited Virtual Currency Transaction System”. In the application, a method has been detailed where private keys are swapped from a buyer to a seller in the background.
“The systems and methods of the present disclosure practically eliminate the amount of time the payee must wait to be sure they will receive a virtual currency payment in a virtual currency transaction by transferring to the payee private keys that are included in virtual currency wallets that are associated with predefined amounts of virtual currency that equal a payment amount identified in the virtual currency transaction.“
The payment giant also made a step towards the crypto adoption through its Braintree unit for making paypal bitcoin transaction process easier. It is a mobile payment provider that allows the merchants to accept bitcoins.
PayPal has a huge adoption what with being available in 26 currencies and about 193 markets worldwide. Having more than 140 million active registered accounts, PayPal has the potential to bring the bitcoin market closer to the new users and business while propelling the growth and real-life integration of cryptocurrency market.
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Crypto get a new level. This is progress.
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