PayPal allows consumers to use cryptocurrency as payment
Updated: May 7, 2021
The online payment company PayPal (Nasdaq:PYPL) announced that they will let users to check out using cryptocurrency in the United States. PayPal’s “ Checkout with Crypto” focus on adoption of cryptocurrency and will not charge fees required by the business.
What kind of cryptocurrency you can use? “Customers will be able select their cryptocurrency of choice-Bitcoin, Litcoin, Ethereum or Bitcoin Cash , depending on what they are holding with PayPal”. Only one type of cryptocurrency can be used for each purchase. Once customers confirms the purchase , the cryptocurrency is converted to USD.
PayPal ’s move is with interest around cryptocurrency growing and a natural extension of the broad portfolio of service.