Paybis, a cryptocurrency exchange and onramp provider, has integrated PayPal, a widely used online payment system, into its platform to enhance security, accessibility, and ease of use for crypto transactions.
At the same time, US President-elect Donald Trump announced the appointment of former PayPal Chief Operating Officer, David Sacks, as his “White House A.I. & Crypto Czar.”
The service is currently available in the European Economic Area (EEA) and the UK, excluding Hungary, Croatia, and Iceland. Paybis plans to expand to new regions based on market demand and regulatory compliance.
This integration allows users to tap into PayPal’s 430 million global users and its familiar interface, simplifying crypto purchases for newcomers.
Compared to traditional payment methods like credit and debit cards, PayPal’s infrastructure offers higher reliability and a better transaction success rate, often avoiding the fraud checks, user errors, and bank declines that hinder other methods. This contributes to increased user confidence when buying cryptocurrencies on Paybis.
Trump Claims Credit for Bitcoin Surge
The appointment of Sacks is part of Trump’s effort to reshape US policy on digital currency. His incoming administration, including officials from the Securities and Exchange Commission and the Commodity Futures Trading Commission, is expected to influence the future of US cryptocurrency policy.
Trump’s tech supporters advocate for minimal regulation in sectors like artificial intelligence and cryptocurrency, arguing that excessive rules could stifle innovation.
Bitcoin surpassed the $100,000 all-time price level last week, a milestone that stirred the crypto community and elicited a response from President-elect Trump, as reported by Finance Magnates.
Trump took to his social media platform, Truth Social, to claim credit for the achievement, which he suggested was partly driven by his appointment of pro-crypto SEC chair, Paul Atkins.
“CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!” Trump wrote, attributing the cryptocurrency’s historic surge to his administration’s pro-crypto approach.
