New York (The Verge) — PayPal will now let all users in the US buy and sell cryptocurrencies theverge.com/2020/11/12/215….
PayPal will now let all users in the US buy, sell, and hold cryptocurrencies right from their PayPal account. The company first announced last month that the feature was on the way. PayPal will initially support Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.
PayPal’s support of cryptocurrency is a significant vote of confidence in the digital currencies and could encourage everyday users to adopt them. However, PayPal isn’t the first financial tech company to support cryptocurrencies; Square’s Cash app added support for Bitcoin in 2018, for example.
PayPal plans to expand cryptocurrency features to Venmo and to “select international markets” in the first half of next year. And in early 2021, PayPal plans to let you pay PayPal merchants with cryptocurrency. — Jay Peters/@verge