In the coming months, payment giant PayPal will provide users with the ability to pay for purchases with Bitcoin, Bitcoin Cash, Ethereum and Litecoin at 29 million points of sale. It is reported by Reuters, referring to the forthcoming statement of the company.
At the time of purchase, users will be able to convert cryptocurrency to fiat.
“For the first time, customers will be able to seamlessly use the cryptocurrency stored in their PayPal wallet, just like a credit or debit card,” CEO Dan Shulman told the publication.
He added that PayPal will not charge transaction fees when placing an order using cryptocurrency. For each purchase, the client will be able to use only one type of coin.
As a reminder, in November 2020, PayPal launched the purchase and sale of bitcoin for US users.
In a December Mizuho poll, 65% of the company’s customers said they were willing to pay with bitcoin for goods and services.
In early March 2021, the payment giant confirmed plans to acquire crypto storage infrastructure provider Curv.
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