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PayPal adds support for cryptocurrencies in US

Correspondent
By Correspondent
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PayPal has recently introduced cryptocurrencies support for users in the US now the users can buy, sell, and hold cryptocurrencies from their PayPal account. PayPal announced about the feature in a press release last month saying that the new functionality was on the way.

However, PayPal isn’t a first financial tech company to support cryptocurrencies. But the platforms support of cryptocurrency plays a significant role of confidence in the digital currencies and could encourage users to adopt them.

PayPal is also planning to expand cryptocurrency features to Venmo and to select international markets in the first half of next year. The company also plans introduce feature to allow users ti pay PayPal merchants with cryptocurrency by early 2021.

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