Back in November, PayPal Open Cryptocurrency trading to all users in the United States, allowing you to buy, sell and hold Bitcoin, Litcoin, Etherium and Bitcoin cash. Now, the digital payment giant is giving you a way to pay for purchases directly with your cryptocurrency stash. There is a single type of sufficient cryptocurrency to cover the eligible purchase for you, PayPal will show your crypto balance as a payment option along with your bank account or credit / debit card. The full payment must come from a single source – although you can’t pay with some bitcoin and some litcoin.
First, there is no need to convert cryptocurrency into US dollars or any other fiat currency. PayPal will convert it for you once you confirm your purchase, even if it means you are returning your money in US dollars to your PayPal balance in case of a refund. The company’s announcement has heated up in Visa Heels, which recently revealed that it’s Running a pilot This will allow you to settle transactions with the dollar currency. The USDC is a stable currency that will not suffer the sudden wild fluctuations of other cryptocurrencies. PayPal’s “Checkout with Crypto” feature works with more currencies and has started rolling out to all US users today.
PayPal CEO Dan Schulman says:
“As digital payments and the use of digital currency accelerate, the introduction of checkout with crypto continues our focus on mainstream adoption of cryptocurrencies. The next chapter in driving the ubiquity and public acceptance of currency should be bought by businesses around the world.