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PayPal Considering Jump Into Cryptocurrency Sales

Saturday, Jun 27 2020

Cryptocurrency

Written by FinTech News Brief Staff

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Digital payment company PayPal is considering a plan to sell cryptocurrencies directly to users through its Venmo subsidiary. So reports The Observer.

paypal 3384015 640short As such, as many as 300 million users around the world would have the option available to them. PayPal’s competitor, Square, generated $306 million from selling Bitcoin in Q1 2020 through its Cash App.

Read the full article from The Observer.

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