One of the leading cryptocurrency exchanges – bitFlyer, announced integration with the global online payment platform – PayPal.
The first integration of PayPal with the cryptocurrency exchange
The integration means that millions of European PayPal users can now deposit funds on the bitFlyer Europe platform to buy cryptocurrencies safely, easily and quickly. The partnership with PayPal is the next step for BitFlyer to fulfill their mission to make cryptocurrency trading safer and more accessible worldwide. In addition, the platform wants to support and protect both new users and more experienced traders.
Andy Bryant, bitFlyer Europe COO, said:
“We are proud to be able to offer users the ability to use their PayPal accounts to deposit funds to purchase cryptocurrencies. PayPal Integration adds a new funding source for bitFlyer users. Thousands of BitFlyer users already use PayPal for fiat transactions. Now users can buy Bitcoin and other cryptocurrencies in the same way as well. “
The integration provides exchange users with an alternative to the traditional payment methods currently available through the BitFlyer Europe trading platform. Traditional deposit methods, such as bank transfer, often take a long time (up to 3 business days). Integration with PayPal will allow you to make transfers almost instantly.
Jacek Bastin, Business Strategy Manager at bitFlyer Europe, added:
“The cryptocurrency space is still in its infancy and despite the growing ecosystem, the industry continues to be a daunting experience for newbies. Given that around a third of e-commerce payments in Europe are made through PayPal, we are delighted to be able to offer users a known and reliable payment method. The PayPal deposit process is completely hassle free, secure and reliable, and users can use it almost immediately.
A few words about bitFlyer
BitFlyer Europe started operations in January 2018 as a wholly owned subsidiary of bitFlyer, Inc. bitFlyer is one of the leading cryptocurrency exchanges in Japan and one of the longest operating exchanges in the global market. In addition, the platform is the only cryptocurrency exchange regulated in Japan, the USA and Europe at the same time. It has also been recognized as one of only 10 platforms that do not counterfeit transaction volume.