You are viewing a single comment's thread from:

RE: Introducing SteemX to Europe, Asia and America

in #introduceyourself6 years ago

hi @steemexchanger I would like you to explain or clarify something to me please. I dont find any information about this STEEM to PayPal in the PayPal website. I also called PayPal to ask about this, they told me that they do not know anything about it and PayPal is not supporting any crypto related transaction or deals.

Thank you for your time.

Sort:  

Hello @el-cr, paypal does not support crypto currencies but supports USD transactions and that is exactly what we are doing. We don't convert STEEM to Paypal because Paypal is not a currency but a medium of exchange of Dollars and that is exactly what we are doing. When users convert their STEEM/SBD into dollars, we deposit the dollars into their paypal accounts. Coinbase only recently removed their paypal integration. Coinbase is the world's largest Crypto to Fiat exchanger and they use paypal even though PayPal doesn't transact cryptos. And that's because they did not convert Crypto to Paypal but into dollars. That's exactly what we are doing.

understood