🧐 PayPal TnC reveals the new Cryptocurrenies Hub - a system that will facilitate everything crypto on PayPal
the prerequisites for crypto users interested in using the platform for cryptocurrencies. According to the company, the Cryptocurrencies Hub service will allow for the sale and purchase of crypto. In addition, it will facilitate the payment for purchases via PayPal using the money stored after the sale of cryptocurrencies.The Cryptocurrencies Hub will also be crucial to convert between PYUSD and other crypto assets.
“Any balance in your Cryptocurrencies Hub represents your ownership of the amount of each Crypto Asset shown. You will not hold the digital Crypto Assets themselves in your Crypto Asset balance.” However, not all PayPal users will get to explore the new feature as the company will decide its access from person to person. For starters, to be eligible for Cryptocurrencies Hub, a PayPal user must have “a personal PayPal account and a Balance Account in good standing.
“You can only use your Cryptocurrencies Hub as part of your Balance Account by accessing it through your personal PayPal account. If you are a Hawaii resident, we will not allow you to establish a Cryptocurrencies Hub at this time.” Upon rollout of the feature, Cryptocurrencies Hub will be directly linked to the user’s PayPal account and can be accessed using the existing credentials.The launch of PayPal USD divided the crypto community as contradicting speculations around its impact on crypto took center stage.We've come so far.
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