Businesses on PayPal Can Now Buy, Hold, and Sell Bitcoin in the U.S

The payment online platform, PayPal will enable its businesses clients to buy, hold and sell Bitcoin and other cryptocurrencies directly from their accounts in the United States. The company will also let merchants to send on-chain cryptocurrency to "eligible" external wallets.

This means that the platform, except in the New York state, will allow their businesses partners to have the same privileges that personal clients already have in US, to buy, hold and sell Bitcoin and other crypto, as they have shown interest on the decentralized economy. PayPal have been offering crypto services since 2020 and since then its demand have been only growing.

They also launched their stablecoin that recently reached more than $1 billion Marketcap in Solana chain. They are betting on Solana as their believe that the network is more accessible to send small amounts of transfers as the fees are more favourable than Ethereum which is expensive.

PayPal is a global online payment system that works in more than 200 countries enabling people to send, receive and hold money on their accounts. The platform also enable that customers can link their bank accounts or even credit and debit cards to their PayPal and turn their experience more enjoyable online. Remember:

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