PayPal to allow cryptocurrency buying, selling and shopping on its network1 min read . Updated: 21 Oct 2020, 06:19 PM IST
- It hopes the service will encourage global use of virtual coins and prepare its network for new digital currencies
- Cryptocurrency payments on PayPal will be settled using fiat currencies, such as the US dollar, meaning merchants will not receive payments in virtual coins
PayPal Holdings Inc joined the cryptocurrency market on Wednesday, allowing customers to buy, sell and hold bitcoin and other virtual coins using the US digital payments company's online wallets.
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