PayPal has registered with the FCA as a crypto service provider đł
On Oct. 31, PayPal, the largest payment system, registered with the prominent financial regulator U.K. Financial Conduct Authority (FCA) as a cryptocurrency firm. This is confirmed by the record of registration on the official website of the FCA.
PayPal now has the right to conduct certain cryptocurrency transactions:
â Use of machines that produce an automated exchange of cryptocurrency to fiat and vice versa.
â Participate in decentralized financial transactions such as lending and borrowing cryptocurrencies.
â Production of peer-to-peer exchange.
â Steakin' Participation.
â Participation in ICOs.
Recently, PayPal's stock has started to decline in value and the company's market share has decreased. Decisions related to the adoption of cryptocurrencies will allow to offer a more relevant product to the market.
