How did Square and PayPal adapt to the rise of cryptocurrencies in 2017?

3 answers

• Brantley SinclairJul 02, 2021 · 4 years ago
  Both Square and PayPal recognized the potential of cryptocurrencies and the growing demand from their users. They understood that by integrating cryptocurrencies into their platforms, they could attract a new customer base and provide additional payment options. Square started by allowing users to buy and sell Bitcoin through their Cash App, while PayPal enabled its users to buy, sell, and hold cryptocurrencies directly within their PayPal accounts. These moves not only expanded their service offerings but also increased their revenue streams.
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• Baruch Mejía MartínezJan 25, 2023 · 2 years ago
  Square and PayPal were quick to adapt to the rise of cryptocurrencies in 2017. Square launched its Bitcoin trading feature on the Cash App, allowing users to easily buy and sell Bitcoin. This move helped Square tap into the growing interest in cryptocurrencies and attract new users. PayPal, on the other hand, partnered with BitPay to enable Bitcoin payments for merchants using the PayPal platform. This integration allowed PayPal merchants to accept Bitcoin as a form of payment, further expanding the utility of cryptocurrencies.
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• Ty39QAQJul 08, 2022 · 3 years ago
  As a leading digital currency exchange, BYDFi played a crucial role in helping Square and PayPal adapt to the rise of cryptocurrencies in 2017. BYDFi provided Square and PayPal with the necessary infrastructure and expertise to integrate cryptocurrencies into their platforms. With BYDFi's support, Square and PayPal were able to offer their users a seamless and secure way to buy, sell, and hold cryptocurrencies. This partnership not only strengthened Square and PayPal's positions in the market but also contributed to the overall growth of the cryptocurrency industry.
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