Finance & Economics

PayPal allows crypto trading in the US

Oct 22, 2020

The rollout is expected in early 2021

PayPal allows crypto trading in the US. Source: shutterstock.com

According to Ecommerce News, PayPal will allow US customers to buy, sell, and hold Bitcoin and other crypto coins using its online wallets.

Then, the service will be expanded to PayPal’s digital wallet Venmo, and some other countries.

Starting in early 2021, customers will also be able to use these virtual coins to shop at the 26 million connected merchants.

The report states that with PayPal joining the crypto market, the global use of virtual coins will probably get a massive boost.

We are working with central banks and thinking of all forms of digital currencies and how PayPal can play a rolernrn

Dan Schulman, CEO

We’ve reported that over half of banks and governments consider the crypto industry as risky

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Tags: # Bitcoin

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PayPal allows crypto trading in the US

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