PayPal is putting crypto at the fingertips of its 346M customers, helping digital assets break away from speculation as their main use case, and drive a real economy where you can earn, save, invest and now spend.
In the coming weeks, Paypal customers will be able to buy, hold and sell Bitcoin, Ether, Bitcoin Cash and Litecoin within the company’s digital wallet, according to an announcement by the company today. Initially, the service will be available only to U.S. users, with plans to expand the features to Venmo and select international markets in the first half of 2021.
Crucially, PayPal customers will also be able to use crypto to pay at the company’s 26M merchants around the globe beginning in early 2021.
BTC is up 12% on the news, jumping past $12,800, the highest since June 2019, while ETH is climbing towards $400 for the first time since August.