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HomeCrypto NewsMarketBreaking: Paypal Launches Crypto Checkout Service For BTC, ETH, BCH And LTC

Breaking: Paypal Launches Crypto Checkout Service For BTC, ETH, BCH And LTC


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PayPal will allow its US users to pay with Bitcoin, Ethereum, Bitcoin Cash and Litecoin on millions of business connected with Paypal.

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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.

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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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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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