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International Business Times
International Business Times
Business
Marvie Basilan

PayPal Business Accounts Can Now Use Crypto, Expanding Utility For Millions Of Merchants

PayPal Crypto United States X Bitcoin
PayPal USD (PYUSD): PayPal's U.S. Dollar Stablecoin (Credit: Youtube Screenshot/ PayPall YouTube Channel)

KEY POINTS

  • Business accounts can now also externally transfer their crypto on-chain to eligible third-party wallets
  • PayPal has been allowing customers to access crypto through its online wallets since 2020
  • Some crypto users said they won't use PayPal for their crypto transactions

Payments titan PayPal announced Wednesday it is enabling millions of merchants in the United States to buy, hold, and sell cryptocurrencies directly from their business accounts, helping drive broader adoption among merchants using the payments platform.

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