PayPal Announces Crypto Insurance To Protect Investors From FTX-Like Crisis
The insurance will help PayPal increase in user base as well as protect its customers from events such as FTX and hacks. However, the insurance will only apply in case of unauthorized crypto transactions and errors. advertisement PayPal Introduces Insurance To Protect Crypto Investors PayPal Senior Vice President Jose Fernandez da Ponte recently announced crypto transfer feature on Venmo or PayPal. Customers could also transfer crypto to external wallets and crypto exchanges. Jose Fernandez da Ponte said they will also protect customers from unauthorized transactions. As per updated terms and conditions, PayPal will protect customers from unauthorized activity involving the purchase or sale of crypto assets from their accounts. “PayPal will cover you for the full amount of unauthorized purchase or sale activity, as long as you cooperate with us, and follow the procedures described below.” Trending Stories ...