On September 21, 2020 in Luxembourg, leading European crypto exchange bitFlyer announced a partnership with PayPal and integrating with their payment platform.
During the event, PayPal’s millions of European users were most beneficial because thanks to the integration between the two sides, they were able to safely and securely deposit money on the European bitFlyer platform. Safe and accessible global trading of cryptocurrencies took a new step thanks to the event, in addition to supporting and protecting new users and more experienced traders.
“We’re proud to offer users the opportunity to use their PayPal accounts to deposit funds for purchasing crypto. The integration of PayPal adds a new funding source for bitFlyer users. Thousands of bitFlyer users already use PayPal for fiat transactions. Now, users can purchase bitcoin and other cryptocurrencies in the same way too.”Andy Bryant, COO of bitFlyer Europe.
The integration gives bitFlyer clients with an elective to the conventional deposit payment strategies right now available through the bitFlyer Europe trading platform, counting wire exchanges. Conventional payment strategies can frequently take up to three commerce days for deposits to clear. With PayPal, stores are regularly about instant.
“The cryptocurrency space is still in its infancy, and despite the ecosystem growing, the industry is still daunting for newcomers. Given that approximately a third of European e-commerce payments are being processed through PayPal, we are more than thrilled to provide users with a deposit method they know and rely upon. The process to deposit through PayPal is entirely frictionless, secure and reliable, with users to be credited near to instantly”.Jacek Bastin, Business Strategy Manager at bitFlyer Europe
bitFlyer Europe propelled in January 2018 as a completely possessed auxiliary of bitFlyer, Inc., a family name within the cryptocurrency space in Japan, and one of the longest-standing cryptocurrency trades. bitFlyer is the only cryptocurrency trade that’s controlled in Japan, the US and Europe combined, and has moreover been perceived as one of as it were 10 trades that isn’t faking exchanging volumes.