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PayPal president and CEO Dan Schulman has issued new details about the payment giant’s Bitcoin and cryptocurrency services expansion.

As part of the company’s Q2 earnings call Wednesday, Schulman hinted at the possibility of buy and sell functionality becoming available in the U.K. as soon as next month, a development that would find PayPal following through on promises issued as far back as February.

Although the call contained no mention of Bitcoin directly, Schulman said the company is adding functionality to its Venmo crypto services, which if launched in the U.K. could allow thousands to gain Bitcoin price exposure.

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Stratagem Market Insights provide a deep analysis of the Global Mobile Payment Technology Market which evaluates business solutions, assesses, research and development, application, benefits, advantage, scope, and operations. This report offers an in-depth analysis and development of industry major manufacturers, key drivers, opportunity, challenge, international suppliers also deep study on risks and entry barriers.  It also offers competitive analysis on the latest technology, trend, innovation, future scope, Industry Share, sales, revenue generation, investment analysis, and overall business scenario.

These studies also involve the important achievements of the market, research & development, new product launch, regional growth, leading competitors

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  • Bitcoin is becoming an increasingly popular payment option among many companies.
  • Fast-food chains, big tech firms, and leading drinks companies are embracing cryptocurrencies.
  • See more stories on Insider’s business page.

Rarely does a news cycle go by without some mention of bitcoin’s growing popularity, from fans and skeptics alike. 

Its prices on trading exchanges tumbled around Thanksgiving last year — only to roar back and set an all-time high of $19,857 on November 30: a 177{41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3} year-to-date increase that put the S&P 500’s 14{41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3} rise to shame, as Insider previously reported. 

Then, last month, the cryptocurrency hit an all-time high,

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(Credit: PayPal)

You can now use PayPal to buy products with select cryptocurrencies, including Bitcoin. 

Starting today, the “Checkout with Crypto” feature will be gradually rolling out for customers in the US. For the first time, PayPal will accept Bitcoin, Litecoin, Ethereum, or Bitcoin Cash as a payment option for millions of businesses across the globe. 

The feature works by converting the select cryptocurrency into US dollars—but with no additional transaction fee tacked on, according to PayPal. You’ll just need agree to what conversation rate the company offers. 

However, there’s a big caveat to the Checkout with Crypto option. You

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It’s PayPal earnings day, and the firm has released new details about its cryptocurrency plans.

These plans include a new dedicated business unit for PayPal’s crypto ambitions, according to CEO Daniel Schulman, who spoke during PayPal’s earnings call on Wednesday.

As he remarked:

“We all know the current financial system is antiquated, and we can envision a future where transactions are completed in seconds, not days; a future where transactions should be less expensive to complete; and a future that enables all people to be part of the digital economy, not just the affluent. We are significantly investing in our

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