PayPal Adds Cryptocurrency Checkout

Customers Can Now Use Crypto to Buy Goods and Services

New Feature Allows Users to Sell Crypto and Use Proceeds for Purchases

PayPal has announced a new feature that allows customers to use their cryptocurrency holdings to buy goods and services. The feature, called Checkout with Crypto, is available to PayPal users in the US. To use Checkout with Crypto, customers simply need to select it as their payment method at checkout. PayPal will then convert the customer's cryptocurrency into fiat currency and complete the purchase. The feature is available for Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.

Checkout with Crypto is a significant development for PayPal, as it represents the first time that the company has allowed customers to use cryptocurrency for purchases. The move is likely to be seen as a major step forward for the adoption of cryptocurrency, as it makes it easier for people to use their digital assets to make everyday purchases.

In addition to Checkout with Crypto, PayPal also announced that it will be allowing users to sell their cryptocurrency holdings through the PayPal app. This feature is expected to be available in early 2021. PayPal's new features are a clear indication that the company is bullish on cryptocurrency. The company's decision to allow customers to use their cryptocurrency holdings for purchases and sales is likely to further drive the adoption of digital assets.