Payments giant PayPal, soon after launching the dollar-backed stablecoin PayPal USD (PYUSD), updated its terms and conditions to introduce Cryptocurrencies Hub — a feature that allows users to hold and interact with Bitcoin (BTC) and cryptocurrencies in their PayPal account.
The latest PayPal terms and conditions detail the prerequisites for crypto users interested in using the platform for cryptocurrencies. The Cryptocurrencies Hub is key for PayPal to reinvent itself as a crypto-inclusive platform. According to the company, the service will allow for the sale and purchase of cryptocurrencies. In addition, it will facilitate the payment for purchases via PayPal using the money stored after the sale of cryptocurrencies.
PayPal Cryptocurrenies Hub as explained in terms and conditions. Source: PayPal
The Cryptocurrencies Hub will also be crucial to convert between PYUSD and other crypto assets. PayPal further clarified:
“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.” In addition, PayPal will also verify the required identifying information — which includes name, physical address, date of birth, and taxpayer identification number — provided by the users:
“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 users’ PayPal account and can be accessed using the existing credentials.
Related: PayPal’s crypto holdings increased by 56% in Q1 2023 to nearly $1B
The launch of PayPal USD divided the crypto community as contradicting speculations around its impact on crypto took center stage.
This is the Ethereum contract address for PayPal's stablecoin.
I can't believe i get to tweet that.
We've come so far. pic.twitter.com/S6kSqcV4ut
— RYAN SEAN ADAMS - rsa.eth (@RyanSAdams) August 7, 2023
While many envision PYUSD to fast-track Ether’s (ETH) mainstream adoption, it could also spell trouble for decentralization and personal control of assets, warns the community. Several smart contract auditors highlighted that PYUSD’s smart contract contains “freezefunds” and “wipefrozenfunds” functions, which they claim are textbook examples of centralization attack vectors in Solidity contracts.
Cryptocurrency exchanges review:
#1 OKX - 24h Volume: $ 1 097 255 972.
OKX is an Hong Kong-based company founded in 2017 by Star Xu. Not available to users in the United States.
#2 ByBit - 24h Volume: $953 436 658.
It is headquartered in Singapore and has offices in Hong Kong and Taiwan. Bybit works in over 200 countries across the globe with the exception of the US.
#3 Gate.io - 24h Volume: $ 643 886 488.
The company was founded in 2013. Headquartered in South Korea. Gate.io is not available in the United States.
#4 MEXC - 24h Volume: $ 543 633 048.
MEXC was founded in 2018 and gained popularity in its hometown of Singapore. US residents have access to the MEXC exchange.
#5 KuCoin - 24h Volume: $ 513 654 331.
KuCoin operated by the Hong Kong company. Kucoin is not licensed to operate in the US.
#6 Huobi - 24h Volume: $ 358 727 945.
Huobi Global was founded in 2013 in Beijing. Headquartered in Singapore. Citizens cannot use Huobi in the US.
#7 Bitfinix - 24h Volume: $ 77 428 432.
Bitfinex is located in Taipei, T'ai-pei, Taiwan. Bitfinex is not currently available to U.S. citizens or residents.
My bitcoin-blog: https://sites.google.com/view/my-crypto ... oin-july22
=)
Ad blocker detected: Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker on our website.
PayPal to roll out Cryptocurrencies Hub for select users
Programming - V.I.P. Lounge can be accessed only after your post count in general forum is 5 or more. This section has three forums- Knowledge Base with collection of informative videos, articles, Talk to the TOP Expert section where you can interact with TOP Experts of the field and another forum with TOP useful links
- feroroto
- Posts: 1
- Joined: Mon Aug 14, 2023 6:22 pm
- Location: Belgium
- Contact:
PayPal to roll out Cryptocurrencies Hub for select users
Post by feroroto » Tue Aug 15, 2023 3:05 am
Crypto Review: https://sites.google.com/view/my-crypto-jam/ripple
Return to “Programming - V.I.P. Lounge”
Jump to
- ↳ Architecture & Interior Design - General Forum
- ↳ Latest News in Architecture & Interior Design
- ↳ Architecture & Interior Design - VIP Lounge
- ↳ Knowledge Base (Architecture & Interior Design)
- ↳ Architecture
- ↳ Internal Design
- ↳ Talk to the TOP Experts ( In Architecture & Interior Design)
- ↳ The TOP Links
- ↳ Arts - General Forum
- ↳ Latest News in Arts
- ↳ Arts - V.I.P. Lounge
- ↳ Knowledge Base (Arts)
- ↳ Dancing
- ↳ Drawing
- ↳ Guitar
- ↳ Painting
- ↳ Piano
- ↳ Singing
- ↳ Violin
- ↳ Talk to the TOP Experts (In Arts)
- ↳ The TOP Links
- ↳ Law - General Forum
- ↳ Latest News in Law
- ↳ Law- V.I.P. Lounge
- ↳ Knowledge Base (Law)
- ↳ International Law
- ↳ Talk to the TOP Experts ( In Law)
- ↳ The TOP Links
- Medical
- ↳ Medical - General Forum
- ↳ Latest News in Medical Field
- ↳ Medical - VIP Lounge
- ↳ Knowledge Base (Medical)
- ↳ Bones & Joints
- ↳ Cancers
- ↳ Colorectal Cancer
- ↳ Lung Cancer
- ↳ Uterine Cancer
- ↳ Liver Cancer
- ↳ Esophageal Cancer
- ↳ Blood Cancer
- ↳ Lymphoma
- ↳ Stomach Cancer
- ↳ Pancreatic Cancer
- ↳ Bone Cancer
- ↳ Skin Cancer
- ↳ Squamous Cell Carcinoma
- ↳ Basal Cell Carcinoma
- ↳ Malignant Melanoma
- ↳ Celiac Disease
- ↳ Child Health
- ↳ Breast Feeding
- ↳ Immunization
- ↳ Growth & Development
- ↳ Autism Spectrum Disorders
- ↳ Cosmetic Procedures
- ↳ Body Contouring
- ↳ Botox
- ↳ Breast Augmentation
- ↳ Breast Lift
- ↳ Breast Reduction
- ↳ Chemical Peel
- ↳ Dermabrasion
- ↳ Dermal Fillers
- ↳ Facelift
- ↳ Laser Hair Removal
- ↳ Liposuction
- ↳ Male Breast Reduction Surgery
- ↳ Rhinoplasty
- ↳ Tattoo Removal
- ↳ Tummy Tuck
- ↳ Diabetes Mellitus
- ↳ Type 1 Diabetes Mellitus
- ↳ Type 2 Diabetes Mellitus
- ↳ Diet & Nutrition
- ↳ Digestive Health
- ↳ Eye Care
- ↳ Geriatric Health
- ↳ Hair Loss
- ↳ Male Patter Hair Loss
- ↳ Female Pattern Hair Loss
- ↳ Telogen Effluvium
- ↳ Hair Transplantation
- ↳ Hearing
- ↳ Heart Diseases
- ↳ High Blood Pressure
- ↳ Infectious Diseases
- ↳ Hepatitis B Infection
- ↳ Hepatitis C Infection
- ↳ HIV Infection
- ↳ Inflammatory Bowel Disease
- ↳ Crohn's Disease
- ↳ Ulcerative Colitis
- ↳ Kidney Diseases
- ↳ Lung Diseases
- ↳ Men's Health
- ↳ Mental Health
- ↳ Neurological Diseases
- ↳ Obesity
- ↳ Weight Loss- Success Stories
- ↳ Weight Loss Surgeries - Bariatric Surgeries
- ↳ Surgery Demo Videos- To understand what is done
- ↳ Newer Developments including latest researches
- ↳ Weight Loss by Lifestyle Changes
- ↳ Weight Loss by Diet Modification
- ↳ Intermittent Fasting
- ↳ The Paleo Diet
- ↳ The Mediterranean diet
- ↳ The Vegan Diet.
- ↳ Low-Carb Diets
- ↳ The Zone Diet.
- ↳ The HCG Diet
- ↳ The Ultra-Low-Fat Diet
- ↳ The Atkins Diet
- ↳ The Dukan Diet
- ↳ The Keto Diet
- ↳ The DASH Diet
- ↳ The Ayurvedic Diet
- ↳ The Ayurvedic Diet
- ↳ The Raw Food Diet
- ↳ The South Beach Diet
- ↳ Weight Loss with Medications
- ↳ Weight Loss Treatment by Endoscopy
- ↳ Newer Developments including latest researches
- ↳ Endoscopic treatment of weight loss
- ↳ Testimonials - By Individuals who had Orbera Balloon Treatment
- ↳ Talk to the Top Experts
- ↳ The Top Experts Directory
- ↳ Pregnancy
- ↳ Skin Diseases
- ↳ Transplantation
- ↳ Bone Marrow Transplantation
- ↳ Corneal Transplantation
- ↳ Intestine Transplantation
- ↳ Kidney Transplantation
- ↳ Liver Transplantation
- ↳ Lung Transplantation
- ↳ Pancreas Transplantation
- ↳ Women's Health
- ↳ Menarche
- ↳ Menopause
- ↳ Birth Control
- ↳ Polycystic Ovarian Syndrome
- ↳ Menstrual Period
- ↳ Talk to the TOP Experts (In Medicine)
- ↳ The TOP Links
- ↳ Programming - General Forum
- ↳ Latest News in Programming
- ↳ Programming - V.I.P. Lounge
- ↳ Knowledge Base (Programming)
- ↳ C++
- ↳ Java
- ↳ Javascript
- ↳ Python
- ↳ Talk to the TOP Experts ( In Programming)
- ↳ The TOP Links
- ↳ Sports- General Forum
- ↳ Latest News in Sports
- ↳ Sports- V.I.P. Lounge
- ↳ Knowledge Base (Sports)
- ↳ Athletics
- ↳ Basketball
- ↳ Cricket
- ↳ Gymnastics
- ↳ Hockey
- ↳ Soccer
- ↳ Tennis
- ↳ Talk to the TOP Experts (In Sports)
- ↳ The TOP Links
Who is online
Users browsing this forum: No registered users and 4 guests