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After Visa, PayPal Holdings launches cryptocurrency checkout service

Customers who hold bitcoin, ether, bitcoin cash and litecoin in PayPal digital wallets will now be able to convert their holdings into fiat currencies at checkouts to make purchases, the company said

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The service, which PayPal revealed it was working on late last year, will be available at all of its 29 million merchants in the coming months, the company said | Photo: Reuters

Anna Irrera | Reuters London

1 min read Last Updated : Mar 31 2021 | 1:23 AM IST

PayPal Holdings will announce later on Tuesday that it has started allowing US consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally, a move that could significantly boost use of digital assets in everyday commerce.

Customers who hold bitcoin, ether, bitcoin cash and litecoin in PayPal digital wallets will now be able to convert their holdings into fiat currencies at checkouts to make purchases, the company said. The service, which PayPal revealed it was working on late last year, will be available at all of its 29 million merchants in the coming months, the company

Topics : PayPal cryptocurrency bitcoins Online payments digital wallets

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