PayPal hugs crypto, all US users can buy, sell, hold cryptocurrency

PayPal opens up its arms to cryptocurrency to US-based users, with Americans now able to buy, sell, and hold bitcoin, ethereum.

@anthony256

Published Nov 13, 2020 7:30 PM CST
Updated Dec 14, 2020 8:47 PM CST

38 seconds read time

It wasn't even a month ago that PayPal announced that it would let its customers use cryptocurrencies and hold them in their wallets, but it has just delivered crypto support to all US accounts.

PayPal hugs crypto, all US users can buy, sell, hold cryptocurrency 06

At first, PayPal made crypto-capable payments and holdings in a small batch of users but it has now opened the crypto floodgates to all US users of PayPal to now buy, sell, and and hold bitcoin, etherum, litecoin, and bitcoin cash.

Not just that, but PayPal said that in "select international markets in the first half of 2021" the company will have cryptocurrency into Venmo, which will see users paying merchants with their cryptocurrencies in their wallet. The way this will work is the transaction will take place between cryptocurrencies, with the digital currency converted to fiat.

Anthony Garreffa

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.