Paypal Launches Crypto Features in Business Accounts
2024-09-27
Bittime - Paypal is launching a new crypto feature for business accounts in the US, allowing merchants to buy, store, sell and send cryptocurrency.
The move expands crypto adoption following the launch of PYUSD and integration with the Solana blockchain. To find out more, read this article in full!
Paypal Launched Crypto Features
Although not available in New York State, payments company Paypal announced on Wednesday that merchants in the United States can now buy, hold, and sell cryptocurrency directly from their business accounts.
This latest action aims to expand cryptocurrency functionality for millions of businesses across the United States.
The Company Has Expanded Services
The company has expanded its services to allow corporate account holders to send cryptocurrency to third-party wallets externally, which increases the use of digital assets among US traders.
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Paypal Development in the Crypto Industry
Over the past few years, Paypal has grown in the cryptocurrency industry. The company launched a service in 2020 that allows users to buy, store and sell cryptocurrency via Paypal and Venmo.
In 2023, the company introduced a stablecoin called Paypal USD (PYUSD). In April, PYUSD was integrated with Paypal's Xoom platform to facilitate international money transfers without fees.
Lastly, Paypal is expanding PYUSD availability to the Solana blockchain, giving users more flexibility.
Conclusion
The launch of crypto features in Paypal business accounts shows the company's commitment to expanding cryptocurrency adoption among merchants in the United States.
This move allows businesses to buy, store, and sell digital assets directly, as well as send them to third-party wallets.
This development continues Paypal's trail of innovation in the crypto industry, including the launch of crypto services in 2020 and the PYUSD stablecoin in 2023.
Now it has been integrated with the Xoom platform and the Solana blockchain. This new feature strengthens Paypal's position as a major player in the global crypto ecosystem.
How to Buy Crypto on Bittime
Want to trade, sell, buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.
Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!
Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
