Baller Alert
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
Baller Alert
No Result
View All Result

PayPal Announces That US Customers Will Be Able to Use Cryptocurrencies At Its Many Merchants

by Iesha
March 30, 2021
Reading Time: 2 mins read
0
PayPal Introduces Stablecoin as Part of Crypto Expansion

istock

Share on FacebookShare on Twitter

Later today, PayPal Holdings Inc will reveal that it has begun allowing U.S. customers to use their cryptocurrency holdings to pay at millions of its online retailers around the world.

PayPal customers with bitcoin, ether, bitcoin currency and litecoin in their digital wallets will be able to turn their holdings into fiat currencies at checkouts to make transactions.

PayPal said the service would be available to all of its 29 million merchants in the coming months.

President and CEO Dan Schulman told Reuters “This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your PayPal wallet.”

In October the company revealed that PayPal users can now purchase, sell, and keep cryptocurrencies via Checkout with Crypto.

PayPal became one of the biggest conventional financial firms to open its network to cryptocurrencies as a result of the sale, which assisted in the growth of virtual coin prices.

Bitcoin’s value has nearly doubled since the beginning of the year, thanks to increased interest from larger financial institutions banking on greater acceptance and seeing it as a hedge against inflation.

PayPal’s announcement comes less than a week after Tesla Inc revealed that it would accept bitcoin payments for its vehicles. Unlike PayPal transactions, where merchants obtain fiat currency, Tesla has confirmed that the bitcoin used as payment will be owned by the company.

Despite the fact that the emerging asset is gaining momentum among mainstream investors, it has yet to become a widely accepted form of payment, owing to its ongoing volatility.

PayPal aims to improve this by enabling merchants to avoid the risk of currency fluctuations by settling transactions in fiat currency.

Schulman said, “We think it is a transitional point where cryptocurrencies move from being predominantly an asset class that you buy, hold and or sell to now becoming a legitimate funding source to make transactions in the real world at millions of merchants.”

According to Paypal, there will be no transaction fees when paying with cryptocurrency, and each payment will be limited to one form of coin.

 

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Mastodon (Opens in new window) Mastodon
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Pinterest (Opens in new window) Pinterest

Like this:

Like Loading...

Discover more from Baller Alert

Subscribe to get the latest posts sent to your email.

Tags: cryptocurriencesNewsPaypal

Related Posts

Woman Who Claimed She Accidentally Shot Boyfriend While Cleaning Gun After the Club Won’t Face Charges
News

Woman Who Claimed She Accidentally Shot Boyfriend While Cleaning Gun After the Club Won’t Face Charges

May 24, 2025

The fatal shooting of 30-year-old Telvin Osborne in Waynesboro, Georgia won’t lead to charges for the woman who pulled the trigger....

Trump’s Project 2025 Is Already Changing America — See What’s Done, What’s Next, and What Could Be Coming
News

Trump’s Not Coming Up With New Ideas—He’s Just Following Project 2025 Like a Manual

May 24, 2025

Donald Trump may be in his second term, but that doesn’t mean he’s making up policy on the fly. In...

Pro-Trump Cuban Rapper "El Funky" Faces Deportation Under U.S. Crackdown
News

Pro-Trump Cuban Rapper “El Funky” Faces Deportation Under U.S. Crackdown

May 24, 2025

A pro-Trump rapper is getting a rude awakening as he now faces deportation under the nation's strict immigration crackdown. Cuban...

Trump Signs Aggressive Nuclear Energy Orders, Cuts Regulatory Oversight
News

Trump Signs Aggressive Nuclear Energy Orders, Cuts Regulatory Oversight

May 24, 2025

Donald Trump has signed a series of executive orders aimed at revitalizing the U.S. nuclear energy sector. The orders set...

Next Post
Aliex Santiesteban

Man Arrested in South Florida For Kidnapping, Sexual Assault, and Shooting 12-Year-Old Boy In The Face

Leave a ReplyCancel reply

Baller News

Subscribe To Our Newsletter

* indicates required

Follow Us

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

© Copyright 2024, Baller Alert Inc. All Rights Reserved

No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
%d