The launch of PayPal's Crypto Checkout service is near

According to Reuters, PayPal is preparing to launch its cryptocurrency service for traders in the United States. It will announce today that its service has started running and will be available to 29 million vendors in the coming months. "This is the first time you can use cryptocurrencies seamlessly in the same way as a credit or debit card in your PayPal wallet," PayPal CEO Dan Schulman told Reuters. The payment service allows those who own cryptocurrency on the platform to spend it with all PayPal merchants. However, the payment company will convert the cryptocurrency to fiat currency for real payment. PayPal CEO Announces Plans for New Crypto Unit “We believe this is a transition point where cryptocurrencies have primarily changed from an asset class you buy, own and / or sell, but now become a legitimate source of funding for making real-world transactions with millions. traders, ”Schulman added. The move came just a week after Tesla accepted Bitcoin as a payment method for its cars – and soon after that Tesla himself invested $ 1.5 billion in Bitcoin. This story is falling apart and will be published soon. Job update, BTC Read more Read more

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