PayPal Responds To Request Accept Shiba Inu Coin

Key Points:

When asked on Twitter if it would take Shiba Inu (SHIB) as payment on its platform, financial behemoth PayPal responded.
AdRock 0x was advised by the company’s help account to have their friend contact PayPal directly via direct messaging to inquire about taking the cryptocurrency as payment in the response from the company.
PayPal said in June of last year that users in the US could now move cryptocurrencies, such as Bitcoin, to outside wallets. Before then, it was impossible for its American users to remove their cryptocurrency holdings off its site.

When asked on Twitter if it would take Shiba Inu (SHIB) as payment on its platform, financial behemoth PayPal responded.

The SHIB Army, a group of ardent supporters of the meme-inspired cryptocurrency, made the request. AdRock 0x, a Twitter user, inquired about PayPal’s acceptance of SHIB in a conversation on February 11. Requesting a friend, the user continued.

AdRock 0x was advised by the company’s help account to have their friend contact PayPal directly via direct messaging to inquire about taking the cryptocurrency as payment in the response from the company.

PayPal began participating in the cryptocurrency market in October 2020

At the time, it made the announcement that users would be able to purchase, store, and trade cryptocurrencies on its platform, which accelerated the bull market. Four cryptocurrencies were initially supported by the business (Bitcoin, Ethereum, Bitcoin Cash, and Litecoin).

PP said in June of last year that users in the US could now move cryptocurrencies, such as Bitcoin, to outside wallets. Before then, it was impossible for its American users to remove their cryptocurrency holdings off its site. Since the firm first made it possible to purchase and sell cryptocurrencies, PayPal claims to have received a sizable amount of requests from its users, prompting the addition of the new service.

In December, the financial behemoth made it possible for Luxembourg residents who met the necessary requirements to purchase, sell, and keep Bitcoin, Ethereum, Litecoin, and Bitcoin Cash in their PP accounts through the website or mobile app. Whether PayPal will include SHIB in its list of supported cryptocurrencies is still up in the air.

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Annie

Coincu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.