BREAKING: PayPal Takes Historic Cryptocurrency Step – Will Allow Buying, Selling and Hold

PayPal, one of the world's largest payments companies, will allow business accounts to buy, sell and store cryptocurrencies.

However, this new feature will not be available to merchants in New York State initially.

PayPal has announced that business account holders in the United States can now buy, hold, and sell cryptocurrencies directly through their PayPal accounts.

However, this new feature will not be available to merchants in New York State initially. Bu genişleme, PayPal’ın milyonlarca ABD’li tüccar için kripto para birimi kullanımını geliştirmeye yönelik devam eden çabalarının bir parçasıdır.

“Since we enabled PayPal and Venmo consumers to buy, sell and hold cryptocurrencies in their wallets, we’ve learned a lot about how consumers want to use their cryptocurrencies,” said Jose Fernandez da Ponte, PayPal’s SVP of blockchain, cryptocurrency and digital currencies. “Business owners are increasingly voicing their desire for the same cryptocurrency features available to consumers. We’re excited to meet that demand with this new offering that allows them to effortlessly interact with their digital currencies.”

In addition to buying, holding, and selling, US merchants will now have the ability to transfer supported cryptocurrencies to and from third-party wallets, allowing them to interact with external blockchain addresses.

*This is not investment advice.