PayPal Is Growing Its Audience Through Adoption In The Online Casino Market
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PayPal went public in 2002 and is now ranked 134th on the 2021 Fortune 500 list of the largest companies by revenue in the United States. The company has expanded its mobile app capabilities for Android and iOS. PayPal is also popular in online gambling market.
The global online gambling market is expected to reach $100 billion by 2026. Online casinos offer players the option to deposit and withdraw money using PayPal. This has allowed PayPal to grow its audience and reach a new audience. The global e-wallets and payments market had a value of $6.75 trillion in 2021 and is estimated to be worth $12 trillion by 2020. The online casinos are also benefiting from this adoption of PayPal as it is one of the safest and most secure payment services available.
PayPal launched a new app in 2021 covering cryptocurrency use cases. The app also includes a wallet that manages crypto payments. Online gambling industry is also adopting the technology.
