Crypto.com announced today (Wednesday) that US users can now add PayPal as a payment method to fund cryptocurrency purchases. By linking their PayPal and Crypto.com wallets, users can transfer funds from PayPal to Crypto.com to purchase available crypto tokens. This feature will soon expand to other markets outside the US.

PayPal Payment Option Introduced

Eligible users can now add PayPal as an alternative payment method for crypto purchases or to top up their Crypto.com Visa Card. This option is currently limited to users in the US.

“Further integrating traditional and digital payment capabilities is critical to the continued mainstreaming of cryptocurrencies,” said Eric Anziani, President and COO of Crypto.com.

“PayPal is the digital commerce leader and shares our vision of consumers being able to safely and efficiently engage with digital currencies. We are tremendously proud to further our efforts with PayPal to continue to provide consumers around the world the most comprehensive and convenient crypto experience.”

Meanwhile, Crypto.com and UEFA announced a new multi-year partnership, making Crypto.com the first exclusive global cryptocurrency platform partner of the UEFA Champions League, as reported by Finance Magnates. As part of the agreement, Crypto.com will serve as an official global sponsor.

The collaboration aims to enhance fan engagement through unique match experiences, in-stadium activations, broadcast features, and advertising campaigns, integrating cryptocurrency and football across various platforms.

PayPal Features Expand Further

This collaboration builds on previous initiatives between Crypto.com and PayPal. Earlier efforts included enabling PayPal to top up the Crypto.com Visa Card, establishing Crypto.com as a preferred exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term for PayPal USD (PYUSD), and allowing PYUSD on Crypto.com’s payment system.

“PayPal has long believed in providing consumers choice and our work with Crypto.com to provide our mutual users the ability to use PayPal to fund their crypto.com purchases is another step in that journey,” said Jose Fernandez da Ponte, Senior Vice President of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term, Cryptocurrency, and Digital Currencies, PayPal.