PayPal has announced that U.S. business account holders can now buy, hold, and sell cryptocurrencies directly through their accounts, expanding its crypto services beyond retail clients. However, due to regulatory constraints, the service is not yet available to businesses in New York. The move responds to growing demand from business owners for the same crypto capabilities offered to consumers. Additionally, PayPal will allow U.S. merchants to transfer cryptocurrencies to external third-party wallets. This marks another step in the payments giant’s deeper integration into the crypto ecosystem.
We’d Love to Hear Your Thoughts on This Article!
Was this writing helpful?
Source: https://coinpedia.org/crypto-live-news/paypal-expands-crypto-access-for-u-s-businesses/