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Five new currencies for PayPal system

Five new currencies for PayPal system article image
EBay payment company PayPal now supports 24 currencies on their system after adding Malaysian ringgit, Thai baht, Philippine peso, Taiwan new dollar and Brazilian real to its suite. The availability of these new currencies will allow Australian exporters to sell their goods online to more customers in the Asia-Pacific region in their own money. "The addition of these new currencies makes it even easier to use PayPal around the world," said Scott Thompson, PayPal’s president. PayPal also announced that it has opened its PayPal X global payments platform to third-party developers, for the purposes of developing currency conversion applications using live exchange rates. Thompson said the new currencies, together with PayPal X, allows users greater flexibility: "Consumers have more choice in how they pay, merchants can conduct business in more markets around the world, and developers can now create multi-currency applications built on PayPal X."

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