bitFlyer Europe announces integration with PayPal
By Megha Bhattacharya
Cryptocurrency exchange platform bitFlyer has integrated with payments platform PayPal in a bid to enable the latter’s European users to deposit funds to the former’s Europe platform. The partnership is expected to boost the crypto exchange’s mission of making cryptocurrency trading accessible.
Andy Bryant, COO of bitFlyer Europe, said, “We’re proud to offer users the opportunity to use their PayPal accounts to deposit funds for purchasing crypto. The integration of PayPal adds a new funding source for bitFlyer users. Thousands of bitFlyer users already use PayPal for fiat transactions. Now, users can purchase bitcoin and other cryptocurrencies in the same way too.”
According to the cryptocurrency exchange, the integration will equip its users with an alternative to the traditional deposit payment methods, including wire transfers. The collaboration with PayPal is expected to hasten the deposits process exponentially.
bitFlyer Europe is a fully owned subsidiary of bitFlyer, Inc. It aims to make cryptocurrency trading safer and more accessible globally, and support and protect users who may be new to cryptocurrency as well as more experienced traders.
Jacek Bastin, Business Strategy Manager at bitFlyer Europe, added, “The cryptocurrency space is still in its infancy, and despite the ecosystem growing, the industry is still daunting for newcomers. Given that approximately a third of European e-commerce payments are being processed through PayPal, we are more than thrilled to provide users with a deposit method they know and rely upon. The process to deposit through PayPal is entirely frictionless, secure and reliable, with users to be credited near to instantly”.
IBSi Daily News Analysis
August 12, 2022
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