PayPal extends the buy, hold, and sell Bitcoin functionalities to businesses
The post PayPal extends the buy, hold, and sell Bitcoin functionalities to businesses appeared on BitcoinEthereumNews.com.
PayPal has launched new “buy, hold, and sell” Bitcoin and crypto features for business accounts. This functionality is available for U.S. merchants, except for residents of the State of New York. PayPal: business accounts can buy, hold, and sell Bitcoin and crypto The payment giant PayPal has announced the launch of its new feature dedicated to U.S. merchants. In practice, now, US traders will be able to buy, hold, and sell Bitcoin and cryptocurrencies directly from their PayPal business account. At the moment, the new feature for commercial accounts will not be available in the State of New York. It is worth noting that this functionality on PayPal already exists for end consumers, but now the payment giant has extended it to business accounts as well. To this end, Jose Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency and Digital Currencies at PayPal, said: “Since we launched the possibility for PayPal and Venmo consumers to buy, sell, and hold cryptocurrencies in their wallets, we have learned a lot about how consumers want to use their cryptocurrencies. Business owners have increasingly expressed the desire to have the same cryptocurrency functionalities available to consumers. We are excited to meet this request with this new offering, which allows them to use digital currencies effortlessly.” PayPal and the extension of the buy, hold, and sell Bitcoin and crypto functionality to business accounts In addition to the new feature of extending the ability to buy, hold, and sell Bitcoin and crypto to business accounts, PayPal also grants them more. In fact, it seems that PayPal allows US merchants to externally transfer cryptocurrencies to eligible third-party wallets. This means that holders of PayPal business accounts can now send and receive supported cryptocurrency tokens to and from external blockchain addresses. With this news, PayPal has taken…
Filed under: News - @ September 26, 2024 9:19 am