PayPal recently announced a strategic partnership with TRUST Network. Backed by Coinbase, Travel Rule Universal Technology is an industry-driven solution.
The integration will help PayPal to increase compliance while maintaining optimal customer privacy and security. Seeing PayPal’s market stature as a digital payments leader, many users looked for Coinbase reviews to assess its functionalities.
While Coinbase has been in the crypto market for a while, TRUST is a relatively new venture. However, the platform has accumulated 38 well-known members. These projects are:-
Anchorage Digital, Amber Group, Balance, bitFlyer, Binance US, BitGo, BlockFi, Bittrex, Cake DeFi, BlocPal, Coinbase, Circle, Coinsmart, Coinhako, Crypto.com, Coinsquare, Fidelity Digital Assetsˢᵐ, Custodia, Kraken, Gemini, Netcoins, Paxos, Nexo, Prime Trust, PayPal, sFOX, Robinhood, Standard Custody & Trust, Symbridge, Shakepay, TradeStation, Unbanked, Tetra Trust, Voyager, VirgoCX, Zero Hash, Wealthsimple, and Zodia Custody.
The latest development is a massive achievement for the TRUST network, and the integration also boosts its objective of becoming a household industry-standard solution for Travel Rule compliance.
With over 20 years of market experience, PayPal offers commerce and financial services in a secure, affordable, and convenient manner. The company has served over 400 million merchants and consumers globally.
Similarly, Coinbase is known globally as a reliable online platform where users can sell, buy, store, and transfer cryptocurrencies. It has only been a week since Coinbase reinforced its password protection services, and the network added another layer of security to users’ accounts, securing their data and funds.
Given the stature Coinbase has established in the market, TRUST has accumulated a wide audience from the get-go. Its affiliation with PayPal will boost its portfolio and user reach in the long term. Additionally, the community has welcomed the partnership, increasing its success chances.