PayPal to allow customers to buy and sell Bitcoin, Ethereum, and other cryptocurrencies

For a long time, PayPal didn't want much to do with cryptocurrencies. (At least not the widely popular ones; the company initially backed Facebook's Libra project before pulling out in October last year.)

But that changed today. On Wednesday, PayPal announced it will start offering users the ability to buy, sell, and hold cryptocurrencies through their online wallets. The company also said it would allow its 26 million merchants use cryptocurrency for payments. 

At first, users will be able to buy four cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. This functionality will go live for U.S. users "in the coming weeks." PayPal says it will expand these features to its social payments service Venmo, as well as internationally, in the first half of 2021.  Read more...

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