PayPal Just Announced that it Will Accept Bitcoin Payments starting 2021
Cryptocurrency is slowly gaining a lot of ground in recent years and the good news keep on coming. Just earlier this month, PayPal, one of the biggest payment methods in the world, announced that they will offer support to buy, hold and sell cryptocurrency as well. It’s a huge step for cryptocurrency use and the online gambling environment as well. We’re going to explore all the implications of this recent PayPal announcement in today’s article.
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A Great Expansion Channel for Cryptocurrency as an Every-Day Payment Method
Since PayPal is the first payment giant to include cryptocurrency in its services, the move is definitely going to be copied by other payment operators around the globe. Even if PayPal remains the only case, with its 26 million merchants worldwide suddenly becoming capable of offering cryptocurrency payments, it’s still a huge jump. Furthermore, PayPal adopting Bitcoin and other popular cryptocurrency puts an end to one of the main reasons why this alternative currency didn’t enjoy more popularity before – the ease of adoption. PayPal does not only want to implement crypto in their platform, but also want to be actors in the global implementation of cryptocurrencies.
And when one in 10 central banks have plans to issue their own digital currencies before 2025, the future sounds really good for crypto. The first digital currencies supported by PayPal will be Bitcoin, Ethereum, Bitcoin Cash, and Litecoin with more to be added in the next phases. Even more than that, PayPal received a Bitlicense from the New York State Department of Financial Services. It’s the first such license to be issued by the NYDFS and it’s also saying a lot about cryptocurrency development in the US and all over the world.
What does this Mean for Casino Players?
It’s excellent news for the iGaming industry as well since the main reason why casino players stayed away from cryptocurrency was the relatively difficult and unsafe mean to buy them. However, with such a trustworthy payment method announcing it’s adopting cryptocurrency and users will be able to buy, hold and sell Bitcoin, Ethereum, and other crypto, depositing at online casinos will become much easier and safer.
You will be able to use your PayPal account to rapidly deposit using cryptocurrency and enjoy your favorite casino games. With the issue of “how to deposit” resolved, all you need to do is find the best Bitcoin casino and start playing. And if you need some help with this part too, Casinoproper is here for you with an exhaustive list of top-quality cryptocurrency casinos.
Your online gambling experience will become faster and smoother thanks to using cryptocurrency for deposits and withdrawals. And on top of all that, you will always have an overview of every transaction so you can be sure you’re getting the best possible services. All the advantages of using Bitcoin and the blockchain to deposit at online casinos are far too many to be included here, however, you can be sure this move will revolutionize the online gambling industry.