PayPal has submitted a patent for trading NFT – Bits Media

PayPal financial giant submitted a patent for NFT trading in March this year, but 21 September she appeared in the public domain. The application is still under consideration.

The document describes the system in detail, in which users can buy and Selling non -replaceable tokens (NFT) Through a third -party service provider. And although the provider itself is not indicated, The text mentions Ethereum. Also, the application describes in detail the methods of conducting transactions with NFT.

PayPal intends to use the entire NFT potential for tokenization, Going far beyond the exchange.

“NFT can be any unique part of the digital data, which can be monitored using a distributed register. Examples of such assets include digital images and videos, Music, collective art items and other digital art, as well as personal property, Tickets for events and legal documents ", - says in the application.

PayPal continues to expand its cryptocurrency services. The company recently stated, that now users will be able to convert digital assets into US dollars and display them to their accounts.

PayPal cryptocurrency support added to 2020 since then, and has been continuing to increase its presence in the field of digital assets. In August, the company introduced its own stablecoin pyusd.