PayPay Point Investment Adds New "Ethereum Course" - Pseudo-Investment in Rising ETH | CoinDesk JAPAN

The cashless payment service PayPay app has added the "Ethereum Course" to its point management service. This was announced on July 28 by PPSC Investment Services, a subsidiary of PayPay Securities.

With this new establishment, users will be able to experience a simulated asset management linked to the price of Ethereum (ETH) in addition to the existing "Bitcoin Course."

According to PPSC Investment Services, it is said that allowing users to choose courses linked to multiple cryptocurrencies in the pseudo-operation experience service is the first case among major domestic point operation service providers.

In addition, other major point services offer loyalty marketing services that provide a pseudo-operation experience of Bitcoin with "Ponta" points.

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According to the release, the addition of the Ethereum course was decided in response to the increased operators of the Bitcoin course that started being offered in January of this year, as well as the many voices from users wishing for an expansion of cryptocurrency-related courses that have high expectations for price volatility and future potential.

The price of ETH fell below $1500 (approximately ¥222,000, based on an exchange rate of ¥148 per dollar) in April this year, but has shown significant price fluctuations, reaching over $3900 (approximately ¥577,000) since mid-July, supported by the inflow of funds into ETFs.

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For using the Ethereum course, no separate account opening procedures are required. You can easily start managing points within the PayPay app, but the rules for trading in this course and the Bitcoin course differ in some aspects from the other 8 courses that are linked to stock indices and so on.

Transactions are limited to weekdays, and points can be added and withdrawn starting from a minimum of 100 points, in increments of 1 point.