PayPal Allows American Customers to Use Cryptocurrencies for Purchases31 March 2021
PayPal announced the launch of Checkout with Crypto, where US customers will be able to choose to check out with crypto seamlessly.
Building on the ability to buy, hold and sell cryptocurrency with PayPal, customers using Checkout with Crypto can check out safely and easily, converting cryptocurrency holdings to fiat currency, with certainty of value and no additional transaction fees.
Checkout with Crypto will automatically appear in the PayPal wallet at checkout for customers with sufficient cryptocurrency balance to cover an eligible purchase.
All transactions are settled in USD and converted to the applicable currency for the business at the standard PayPal conversion rates.
“As the use of digital payments and digital currencies accelerates, the introduction of Checkout with Crypto continues our focus on driving mainstream adoption of cryptocurrencies, while continuing to offer PayPal customers choice and flexibility in the ways they can pay using the PayPal wallet.
Enabling cryptocurrencies to make purchases at businesses around the world is the next chapter in driving the ubiquity and mass acceptance of digital currencies.”
said Dan Schulman, President and CEO, PayPal.
Featured image: PayPal
This article first appeared on fintechnews.ch