What are cryptocurrencies?

In the beginning they will start with four of the most stable and popular: Bitcoin, Ethereum, Litecoin and Bitcoin Cash. They are, for example, also the ones that allow you to use Coinbase, one of the most popular cryptocurrency management services of all. Coinbase in fact also allows payment through cryptocurrencies thanks to its own debit card that they released last year.

One of the main advantages of trading cryptocurrencies through PayPal is the absence of intermediaries. PayPal will allow you to pay directly in cryptocurrencies to any of its millions of businesses worldwide that already accept PayPal as a payment method. For this, PayPal makes the conversion in the background to fiat currency with an established rate and according to the value of the cryptocurrency in turn at that time. That is to say, for the user it will be like paying directly in cryptocurrency, although in reality PayPal makes the payment in dollars, euros, pounds or whatever is used in each country.

This direct integration, as much as it makes things easier and similar to a traditional currency, still implies maintaining the problems of a cryptocurrency. Problems such as their volatility or the commissions that can be given for each transfer (although sometimes they are ridiculous) or their conversion to traditional currency and vice versa.

To know more visit: bitcoin to euro