TECH & INNOVATION
THE FUTURE 100
44
Cryptocurrency has seen its share of ups and downs, but recent moves from
major financial and political players may be sanctioning the digital currency as a legitimate and accessible payment option.
Cryptonomics Is cryptocurrency finally on the path to legitimacy?
PayPal launched its cryptocurrency service in the United Kingdom in August
2021, letting British users buy, hold and sell digital currencies on the popular epayments app. The UK launch marks the first international expansion for
PayPal’s cryptocurrency product since it launched in the United States at the end of 2020. “The tokens and coins have been around for a while,” Jose
Fernandez da Ponte, PayPal’s general manager for blockchain, crypto and
digital currencies, told CNBC, “but you had to be a relatively sophisticated user to be able to access that. Having that on a platform like ours makes a really good entry point.”
