Japanese Crypto Exchange bitFlyer’s European Subsidiary Integrates With PayPal
One of the leading cryptocurrency exchanges of Japan bitFlyer’s European subsidiary has integrated with the global payments platform PayPal allowing users to deposit their funds to the trading platform of bitFlyer and purchase digital currencies through their PayPal accounts. As per the official announcement made on September 21, the integration is a significant step by bitFlyer as it will fill the fiat-cryptocurrency gap for European users of the exchange.
bitFlyer Europe integrates PayPal deposits
As reported by Business Wire, bitFlyer Europe has announced the integration of PayPal deposits to its trading platform. This integration will let users of PayPal in Europe make deposits to the trading platform of the bitFlyer exchange through their PayPal accounts and buy cryptocurrencies in a safe and secure manner.
It is a great funding source for the users of bitFlyer, said the COO of bitFlyer Europe Andy Bryant, and a golden opportunity for them to use their PayPal accounts for the purchase of digital assets. Bryant stated:
“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.”
The integration of PayPal will provide users of bitFlyer a great advantage over the other traditional methods such as the Wire Transfer method as they take usually one to three days for clearing deposits. While on the other hand, PayPal completes deposits instantly as compared to traditional payment methods.
The Business Strategy Manager at bitFlyer Europe Jacek Bastin said that they are more than happy to provide their users with a reliable payment/deposit method. He added:
“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”.
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