American PayPal Customers Will Be Able To Pay With Cryptocurrency

Starting March 30, PayPal customers in the United States will be able to use cryptocurrency to pay. Users who hold bitcoins, Ethereum, Bitcoin Cash and Litecoin on their wallets will be able to convert them to fiat currencies at the time of purchase. In the coming months, the service will become available in all 29 million retail outlets that work with the payment system, writes RBC Crypto with reference to Reuters.

 

“This is the first time that you can seamlessly use cryptocurrency like a credit or debit card in your PayPal wallet,” said company president Dan Shulman.

 

In November 2020, PayPal opened access to cryptocurrencies to US customers. They can buy, hold and sell digital money directly through the service. At the same time, the company announced the ability to pay with cryptocurrency at retail outlets.

In the last hour, the bitcoin rate began to grow sharply, having risen by more than $ 1,000. Cryptocurrency quotes exceeded $ 59,000 for the first time since March 20. They are approaching the all-time high of $ 61.8 thousand, set on March 14.

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