PayPal Holdings, Inc. (NASDAQ: PYPL) has enabled its U.S. business account holders to buy, hold, and sell cryptocurrency supported on its platform, such as Bitcoin, directly from their PayPal accounts. While this service is available nationwide, it will not be available in New York State at launch, PayPal stated.
"Since we launched the ability for PayPal and Venmo consumers to buy, sell, and hold cryptocurrency in their wallets, we have learned a lot about how they want to use their cryptocurrency," said Jose Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies at PayPal. "Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers. We're excited to meet that demand by delivering this new offering, empowering them to engage with digital currencies effortlessly."
In addition to buying and selling, U.S. merchants can now externally transfer cryptocurrency to third-party wallets. This new functionality further increases the flexibility of crypto transactions for businesses.
PayPal’s expansion into offering businesses the ability to buy and hold Bitcoin and crypto on its platform builds on its growing digital currency initiatives. This includes the launch of consumer crypto services in 2020 and the introduction of its U.S. dollar-backed stablecoin, PayPal USD (PYUSD), in 2023.
Your account isn't verified. An email has been sent to the address you specified
on registration with an activation link. Please check your inbox (and also your spam box)
and follow the instructions in our message. If the mail doesn't arrive after several
attempts, please request support to the website staff.
The password doesn't match with the one registered for this account.
Sorry, but you can't login at this time. Please try again later.
The device you're connecting from is disabled.
Your IP address isn't allowed to login on this account. Please check your email for further actions.
Sorry, but the verification code must be numeric and should be six digits.
2FA verification failed. Please try again. If the problem persists, please contact our tech support staff.
Sorry, but your IP address has been blocked due to excess of login attempts.
If you think this is an error, please send us an email to admin@growbot.club.
We will reply as soon as possible.
Login attempt failed.
WARNING: you have one last attempt to login.
Your IP address will be blocked after the next failed attempt.
Host blocked: ec2-3-144-98-61.us-east-2.compute.amazonaws.com
Sorry, but your gateway or host is blocked here.
If you think this is an error, please send us an email to admin@growbot.club.
We will reply as soon as possible.
IP blocked: 3.144.98.61
Sorry, but your IP address is blocked here.
This may be caused by an excess of failed login attempts or
an administrator that has detected a bruteforce attack from your IP.
If you think this is an error, please send us an email to admin@growbot.club.
We will reply as soon as possible.
Country blocked: United States
Sorry, but your country is blocked here.
If you think this is an error, please send us an email to admin@growbot.club.
We will reply as soon as possible.
This device is not registered. An email has been sent to your address with a token to authorize this device permanently.
Please check your email(s) for a token to reset your password. Don't forget to check your spambox!
0
Media gallery browser
Sorry, but the item type you selected isn't currently supported. It can't be inserted.
We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic.
By clicking "Accept All" you consent to our use of cookies, which are protected under the terms of our Privacy Policy.
Preferences are stored in your browser for 60 days, and you can remove them at any time.
