PayPal Enables US Businesses To Buy, Hold, And Sell Crypto Directly From Accounts

Quick Summary:

On Wednesday, PayPal announced that it is enabling US merchants to buy, hold and sell cryptocurrency directly from their business accounts.

This new functionality aims to increase the utility of digital currencies and make it easier for users and merchants to deal with crypto assets in their businesses.

This was followed by the introduction of PayPal USD (PYUSD), a US dollar-denominated stablecoin, in 2023.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: Hungary

Topics: PayPal crypto Digital currency Cryptocurrencies Cryptocurrency Paypal and Bitcoin Crypto Crypto news Breaking News Ticker DeFi PayPal

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 19:40:55 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 277 words

Reading Time: 2 minutes read

Sentences: 23 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22710217

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 7 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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