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Home » Crypto News » PayPal to Enable Bitcoin and Crypto Purchasing and Selling

PayPal to Enable Bitcoin and Crypto Purchasing and Selling

Author: George Georgiev

Last Updated Oct 21, 2020 @ 12:26

One of the world’s leading online payment processors, PayPal, will enable US customers to buy Bitcoin and other crypto in the coming weeks. Other countries will follow in the first half of 2021.

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  • One of the world’s largest online payment processing companies, PayPal, has joined the cryptocurrency market and it will allow its customers to hold, buy, and sell Bitcoin and other cryptos using fiat currency. 
  • In addition, PayPal customers will be able to spend Bitcoin to shop at over 26 million vendors already included in its network starting early 2021, Reuters reports. 
  • The company has stated that they are “working with central banks and thinking of all forms of digital currencies and PayPal can play a role.” 
  • The CEO also hopes that this service will encourage further usage of virtual currencies, as well as prepare its network for central bank digital currencies (CBDCs). 
  • US customers will be able to buy, sell, and hold crypto through their PayPal wallets in the coming weeks. Moreover, it also plans to expand this offering to Venmo and other countries in the first half of the following year.

Featured image courtesy of How Stuff Works

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About The Author

George Georgiev
More posts by this author

Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

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