Wyoming Cloud, a new service that allows EOS (EOS) tokens to be purchased easily has been launched recently. It provides users the opportunity to buy EOS tokens through PayPal and send them to their wallets on the EOS blockchain according to reports from EOSGO.
EOS to the Moon?
According to an announcement made by Wyoming Cloud on Twitter, the service provides the easiest and fastest way for users to access their favorite decentralized applications (dApps), using PayPal to deliver EOS directly to their accounts, with no login required.
It comes as great news to users who prefer to use conventional payment methods such as PayPal to buy EOS at a near-instant pace.
The team has hinted that there are four purchase packages present on the Wyoming Cloud website at the moment. The first is the Booster Package, which allows users to purchase EOS tokens worth $10, followed by the Starter Package ($50), as well as the Gamer Package ($100), and the Develop Package ($200).
All transactions are verified by a transaction receipt and resources are delivered directly into user accounts.
PayPal Blazing a Trail
PayPal continues moving on an upward trajectory; with this development, the company has gotten one over its rivals in the centralized payments ecosystem once again.
Just last year, Morgan Stanley analyst James Faucette claimed that PayPal will keep leading the race in the online payment sector. He was quoted saying:
“We expect PayPal to continue growing at or above the pace of eCommerce, and the net benefit of being a leader among merchants should continue to drive engagement higher,”
In July 2019, PayPal announced plans to launch Xoom, a new payments platform that would challenge blockchain-powered remittance and cross-border payments platforms.
Meanwhile, the company behind EOS, Block.one has been ordered by the U.S. Securities and Exchange Commission (SEC) to pay a one-time penalty of $24 million for their initial coin offering (ICO) which lasted for a year, generating a massive $4 billion for the project.
At press time, EOS (EOS) is the 8th-largest cryptocurrency in the world. The price of EOS sits at $2.84, with market capitalization and 24-hour trading volume of $2.65 billion and $1.72 billion respectively.