Have you been thinking about investing in Bitcoin? Listen as Yana discusses the announcement that PayPal recently made in Europe about their partnership with bitFlyer. Yana also explains what that another announcement means for PayPal customers in the U.S. and how it affects you if you want to buy cryptocurrency. Yana also explained why this announcement is a good thing for PayPal customers interested in getting involved with cryptocurrency but never knew where to start and for the FinTech industry, so listen to her discussion on this episode of Compliance That Makes Sense.

If you enjoy this episode, please share it with friends, leave comments and reviews, and join the conversation. 

Today’s episode:

• [00:34] Hello, my friends, and welcome back!
• [01:15] Two months ago in Europe, Paypal announced that they would partner with bitFlyer.
• [02:43] Yana says that PayPal will not be buying and selling any cryptocurrencies.
• [04:04] Yana explains what will happen if a PayPal customer wants to buy bitcoin.
• [05:30] This is good news because many customers of PayPal will now be able to hold bitcoin inside of their account.
• [06:31] It’s limited news because the only way to sell what you buy from PayPal, you can only sell back to them.
• [07:02] This also applies to deposits and withdrawals of bitcoins.
• [08:22] Yana speaks about the limits per day, per month, and per year that PayPal has issued.
• [09:57] Are smaller players going to be squeezed out by larger players? Or is there still room for smaller companies?
• [12:07] Yana discusses the statement PayPal has made that through PayPal, their merchants will accept bitcoin for merchant transactions.
• [13:53] Yana talks about how this is a huge opportunity for the FinTech industry.
• [15:38] Thank you for listening!

Show links:

• Follow Yana on Instagram and check out our new training calendar for the latest workshops and training.