What are the differences between Square's and PayPal's approach to digital currencies?

3 answers

• Nov 27, 2021 · 3 years ago
  Square and PayPal have different approaches when it comes to digital currencies. Square, led by CEO Jack Dorsey, has been more proactive in embracing cryptocurrencies. They have integrated Bitcoin into their Cash App, allowing users to buy, sell, and hold Bitcoin. PayPal, on the other hand, has taken a more cautious approach. They recently announced support for cryptocurrencies, but initially limited it to a select number of users. However, they have plans to expand this offering to all US customers in the coming weeks. So, while Square has been more aggressive in adopting digital currencies, PayPal is slowly catching up.
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• Nov 27, 2021 · 3 years ago
  When it comes to digital currencies, Square and PayPal have different strategies. Square has been a strong advocate for Bitcoin and has even invested in it. They have made it easy for their users to buy and sell Bitcoin through their Cash App. On the other hand, PayPal has been more cautious and has taken a more gradual approach to cryptocurrencies. They have recently started allowing users to buy, sell, and hold cryptocurrencies, but the availability is still limited. Both Square and PayPal are major players in the digital payments industry, but their approaches to digital currencies differ in terms of speed and aggressiveness.
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• Nov 27, 2021 · 3 years ago
  As an expert in the digital currency industry, I can tell you that Square and PayPal have distinct approaches to digital currencies. Square has been at the forefront of embracing cryptocurrencies. They have integrated Bitcoin into their Cash App, which has made it easy for their users to buy and sell Bitcoin. On the other hand, PayPal has been more cautious in their approach. They have recently announced support for cryptocurrencies, but the availability is still limited. However, with their large user base, PayPal has the potential to significantly impact the adoption of digital currencies once they fully roll out their offering to all users.
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