PayPal Rolls Out Bitcoin, Ethereum, Litecoin and Bitcoin Cash Payments

paypal crypto payments march 30 2021

Some 26 million merchants that have integrated PayPal will now be able to accept some of the four most prominent cryptocurrencies, including bitcoin, ethereum, litecoin and BCH. “As the use of digital payments and digital currencies accelerates, the introduction of Checkout with Crypto continues our focus on driving mainstream adoption of cryptocurrencies, while continuing to offer PayPal customers choice and flexibility in the ways they can pay using the PayPal wallet,” said Dan Schulman, president and CEO of PayPal, before adding: “Enabling cryptocurrencies to make purchases at businesses around the world is the next chapter in driving the ubiquity and mass acceptance of digital currencies.” There will be no transaction fee for paying with crypto, but “a cryptocurrency conversion spread will be built into the conversion from crypto to USD” with PayPal insta converting the crypto into fiat. They do not specify how much the spread will be, with PayPal…

Read the original article here