MONEY EXCHANGER

  What Is PayPal? PayPal is an  electronic commerce  company that facilitates payments between parties through online transfers. PayPal allows customers to establish an account on its platform, which is connected to a user's  credit card  or checking account. Once identification and proof of funds are confirmed, users can begin sending or receiving payments to and from other PayPal accounts online or through the company's app. KEY TAKEAWAYS PayPal is an online payment platform that offers individuals and businesses low-cost services. PayPal has been its own company since 2015. In addition to online payments, PayPal also offers a variety of related services including debit cards for payments, credit card readers for small merchants, and lines of credit. PayPal is considered a very secure method of sending payments online. How PayPal Works PayPal offers payment services and solutions for both personal consumers and businesses. The company allows personal consumers to shop, make p

  When the   richest person in the world   gives his support to a virtual currency you know it's big business. Elon Musk  has told users of an online social media app that he thinks the virtual currency, Bitcoin, is a "good thing." His comments resulted in the value of Bitcoin rising significantly. So much so, that a singular Bitcoin went from being worth £3,600 in March last year to more than £27,000 now. As talk of the currency has gone global, the Bank of Singapore has suggested that the 12-year-old currency could replace gold as its store of value. However, in October, the head of the Bank of England, Andrew Bailey, warned about the unpredictability of Bitcoin, saying it makes him, "very nervous". With all this talk you're probably wondering - what is Bitcoin and how does it all work? Here's everything you need to know.

  Why are cryptocurrencies so popular? Cryptocurrencies appeal to their supporters for a variety of reasons. Here are some of the most popular: Supporters see cryptocurrencies such as Bitcoin as the currency of the future and are racing to buy them now, presumably before they become more valuable Some supporters like the fact that cryptocurrency removes central banks from managing the money supply, since over time these banks tend to reduce the value of money via inflation Other supporters like the technology behind cryptocurrencies, the blockchain, because it’s a decentralized processing and recording system and can be more secure than traditional payment systems Some speculators like cryptocurrencies because they’re going up in value and have no interest in the currencies’ long-term acceptance as a way to move money.