fbpx

PayPal is now accepting Bitcoin for merchandise

PayPal is beginning to allow US users to utilize their digital currency holdings to make payments on its online sellers all over the world.
Bitcoin

PayPal Holdings Inc., the American company that offers online payments, will announce later on Tuesday it is beginning to allow US users to utilize their digital currency holdings to make payments on its online sellers all over the world. 

trading

Users that possess bitcoin, bitcoin cash, ether, or litecoin in the digital wallets of PayPal, will be given the opportunity to trade their digital assets into fiat currencies at checkouts. This makes it easier for them to shop and could increase the use of crypto in everyone’s daily life.

All of PayPal’s 29 million merchants will be included in this service in the following months. 

“This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your PayPal wallet,” Dan Schulman, President, and CEO said in an interview for Reuters.

paypal
A new service from PayPal allows its customers to buy, hold and sell cryptocurrency directly from their PayPal account.

One of the most important reasons cryptocurrency isn’t used for everyday commercial purposes is its continuous volatility. PayPal is very confident that the service it’s providing will change that. 

“We think it is a transitional point where cryptocurrencies move from being predominantly an asset class that you buy, hold and or sell to now becoming a legitimate funding source to make transactions in the real world at millions of merchants,” Schulman stated.

PayPal won’t request any transaction fees when users will check out using cryptocurrencies. Also, they will be able to use only one type of token for each purchase.

Have you been thinking about investing in cryptocurrency? Book a call with our team of professionals, and we will contact you in 24 hours. 

Total
27
Shares
Leave a Reply

Your email address will not be published.

trading
Related Posts