PayPal Adds Option to Buy With Bitcoin, Ethereum and Litecoin
Cryptocurrencies are becoming increasingly important in the online payment world. A few weeks ago, Elon Musk announced that it was actually possible to buy Tesla with bitcoins, and now PayPal has announced the launch of payments that it already confirmed a few months ago that it would include it. Starting today, users in the US will be able to pay with PayPal using Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Until now, it was possible to buy and sell cryptocurrencies directly from a Paypal account, but it could not be used for online purchases. Now, the platform will allow payments to be made in cryptocurrency. Thus, an option called “Checkout with Crypto” will now appear, whereby users can instantly convert their cryptocurrency into dollars without additional transaction costs. If paying in a currency other than the dollar, PayPal will use its own exchange rate, at which it takes a percentage. The cryptocurrency payment function will automatically appear in the user's account i...