PayPal will allow its US users to pay with Bitcoin, Ethereum, Bitcoin Cash and Litecoin on millions of business connected with Paypal.
According to Reuters, PayPal users will be able to shop using their cryptocurrency at payment points where PayPal is accepted. The payments will be converted into fiat money.
Customers who hold bitcoin, ether, bitcoin cash and litecoin in PayPal digital wallets will now be able to convert their holdings into fiat currencies at checkouts to make purchases, the company said.
There are 29 million payment points.
PayPal users have been able to buy/sell cryptocurrencies since October 2020. Cryptocurrencies received from Paypal can now be used at payment points in the United States.
PayPal is expected to expand its cryptocurrency service for other countries in the coming months and be able to expand its cryptocurrency service at 29 million different locations around the world.
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