The European branch office of bitFlyer, one of the largest Japanese cryptocurrency exchanges, has announced about the integration of PayPal deposits.
The official release names bitFlyer’s integration with the internet payment giant a significant step in making bridge between the fiat and cryptocurrency world for European users.
Despite the bitFlyer Europe support of wire card transfers, the payments are wired within one three days. The connection of PayPal should make deposits almost instant.
bitFlyer Europe business strategy manager Jacek Bastin mentioned that bitFlyer users in Europe will now have the possibility of making deposits in euro to trade crypto. Cointelegraph.
“bitFlyer charges no handling or processing costs on top of the fees charged by PayPal.”
As PayPal has more than 340 million registered users and handles almost 35% of all eCommerce transactions in Europe, it may bring a wide number of European citizens to bitFlyer exchange and also cryptocurrencies in general.
Without disclosing details, Bastin said that bitFlyer Europe has been exploring on other ways to make cryptocurrency trading more accessible and secure.
Together bitFlyer’s steps to enlarge into the United States and Europe, it’s quite clear that even PayPal is heading up to innovate using cryptocurrencies and blockchain.
Recently it has become known that PayPal was hiring for crypto and blockchain engineers and planned to connect direct cryptocurrency purchases for its global users.
Moreover, a letter from PayPal to the European Commission confirmed that the company was continuously exploring global developments in the sphere of blockchain and cryptocurrency.