PayPal enables crypto for 30M U.S. merchants
South Korea Fines Worldcoin, Shiba Inu Hints At SHI Stablecoin Launch
PayPal announced yesterday that it is bringing cryptocurrency to its U.S. Business Accounts, with buying, selling, holding functionality.
An estimated 30 million merchants in the US will be able to access this, and interact with eligible third party wallets.
The crypto feature in Business Accounts won't be available in New York State at launch.
PayPal's Senior VP of blockchain matters noted that business owners have the same desires for cryptocurrency features as consumers, and that PayPal is simply meeting this demand.
Retail users have been able to do crypto operations on PayPal and Venmo for several years now. Last year, the PayPal's US dollar stablecoin PYUSD was launched and soon reached a $1B market cap.
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