Global payments provider PayPal is currently hiring staff to deal with digital currencies for its offices in Ireland.
Ireland’s “Independent” newspaper reported Sunday that PayPal is trying to create a crypto-focused team in the country. The job positions are available in the company’s Dublin and Dundalk offices and include roles in PayPal’s blockchain, crypto, and digital currencies business unit (BCDC).
PayPal has been implementing services related to cryptocurrencies for quite some time now. In October 2020, the company allowed its US customers to trade digital assets like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash on its platform. The firm then expanded its offering by allowing U.S. customers to pay for goods and services using crypto.
PayPal introduced other features regarding digital currencies in April. The online payment company launched Crypto on Venmo, which allows users to purchase, hold and sell digital currencies with $1 worth of crypto. They will also have the opportunity to have access to videos, trends, and guides related to virtual assets. This will simplify their trading experience while helping them answer some frequently asked questions.
The firm also collaborated with Coinbase to allow the exchange platform users to purchase digital currencies utilizing their bank accounts and debit cards connected to PayPal. The new service is available only in the United States, and customers will be able to acquire up to $25,000 in digital currencies daily.
“Customers in the US can buy crypto with a connected bank account via ACH or Wire transfer, a debit card, funds in their Coinbase USD wallet, in addition to now using funds from a connected PayPal account.”