August 4, 2021

US PayPal customers gain access to cryptocurrency

Payment system announced the opening of the function of buying, selling and storing digital money for American users.

Payment company PayPal announced the opening of access to cryptocurrencies to customers from the United States.From November 11, all American users of the service can buy, hold and sell cryptocurrency directly through PayPal, according to the company's official website.

The fact that PayPal will add support to four cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash and Litecoin, became known on October 21.There is no charge for the storage of cryptocurrency, and until December 31, 2020, the system does not takecommission when buying or selling digital money.

Also in the message of the payment system said that in 2021 the application will be able to pay with cryptocurrency in 26 million outlets.Stores will accept cryptocurrency not directly, but after conversion into dollars.