PayPal Expands Cryptocurrency Offerings to US Business Accounts
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PayPal Holdings Inc. will now permit merchants to buy, hold and sell cryptocurrency from their business accounts, expanding on the payments firm’s already-available consumer offerings.
PayPal has allowed consumers to buy, hold and sell digital crypto via their PayPal and Venmo accounts since 2020, and then further committed to digital currency with the launch of its US dollar-denominated stablecoin, PayPal USD, last year. The San Jose, California-based firm has since learned more about how people want to use their crypto, according to Jose Fernandez da Ponte, PayPal’s senior vice president of blockchain, cryptocurrency and digital currencies.