PayPal Expands to 103 Markets and Adds 10 Currencies.PayPal Customers Can Send and Receive Funds in 10 New Currencies, Including Hong Kong Dollar Noun 1. Hong Kong dollar - the basic unit of money in Hong Kong dollar - the basic monetary unit in many countries; equal to 100 cents , Polish Zloty and Swiss Franc Noun 1. Swiss franc - the basic unit of money in Switzerland franc - the basic monetary unit in many countries; equal to 100 centimes centime - a fractional monetary unit of several countries: France and Algeria and Belgium and Burkina Faso and Burundi and SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif. -- PayPal (Nasdaq:EBAY) today announced that it now supports payments in 10 new currencies, allowing customers to send, receive and hold funds in a total of 17 currencies worldwide. The new currencies are the Czech Koruna The Czech koruna (koruna means "crown") has been the currency of the Czech Republic since February 8, 1993 when it and its Slovak counterpart both replaced the Czechoslovak koruna at par. Now 1 CZK is worth around 1.19 – 1.25 SKK. , Danish Krone Noun 1. Danish krone - the basic unit of money in Denmark krone ore - a monetary subunit in Denmark and Norway and Sweden; 100 ore equal 1 krona Danish monetary unit - monetary unit in Denmark , Hong Kong Dollar, Hungarian Forint, New Zealand Dollar Noun 1. New Zealand dollar - the basic unit of money in New Zealand dollar - the basic monetary unit in many countries; equal to 100 cents , Norwegian Krone, Polish Zloty, Singapore Dollar, Swedish Krona, and Swiss Franc. These new currencies add to those already available to PayPal customers, including US Dollars, Australian Dollars, Euros, Pounds Sterling, Canadian Dollars, Japanese Yen and Chinese RMB RMB Right Mouse Button RMB Regional Management Board (USACE) RMB Rolf Maier Bode (musician, band) RMB Ren Min Bi (currency of People's Republic of China) . PayPal also announced that residents in 48 new markets can now use PayPal in their local markets to send money online. These new markets include Indonesia, the Philippines, Croatia, Fiji, Vietnam and Jordan. A complete list can be viewed at https://www.paypal.com/worldwide. "International expansion is a key part of PayPal's growth strategy, and we are thrilled to expand our services to 103 markets and support 17 currencies worldwide," said Dana Stalder, senior vice president, PayPal. "With these new offerings, PayPal continues to make domestic and cross-border trading easier and more convenient for its millions of customers around the globe." PayPal currently has 114 million accounts globally. In the second quarter of 2006, PayPal's total payment volume - or the total value of transactions - was $8.9 billion. The addition of new payment options and the expansion into new markets helps PayPal customers trade domestically, and helps sellers expand cross border trading. About PayPal Founded in 1998, PayPal, an eBay company, enables any individual or business with an email address to send and receive payments online securely and easily using a bank account, credit card or stored balance. Because PayPal allows customers to shop online without sharing their financial information with merchants, privacy is built into the service. PayPal has more than 114 million accounts and is available to users in 103 markets around the world. More information about the company can be found at https://www.paypal.com. |
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