PayPal to support Bitcoin and other crypto — but merchants must use fiat
PayPal is ready to let users to buy, sell, and hold Bitcoin and other cryptocurrencies, according to Reuters. PayPal chief exec Dan Schulman told Reuters the company hopes this will “encourage global use of virtual coins,” and ready its network in anticipation of digital currencies issued by central banks. The US payments giant said it plans to allow users to actually spend their cryptocurrency with the 26 million merchants on its network starting early next year. PayPal reportedly boasts roughly than 346 million active accounts, and the service processed $222 billion worth of payments in 2020’s second quarter. As noted by Reuters,… This story continues at The Next WebOr just read more coverage about: Bitcoin,PayPal 
Recently from 
- Elon Musk says you can buy a Tesla with Bitcoin now
- Bitcoin isn’t getting greener — 4 environmental myths about cryptocurrency debunked
- Tesla’s bulging Bitcoin buy could be the spark that derails the stock market
- Tesla buys $1.5B of Bitcoin — pushing its price to record-breaking levels
- Tesla wants to accept Bitcoin payments in the near future
- Winklevoss comes out of meditation to witness Bitcoin’s record high
- Bitcoin rally sends world’s top cryptocurrency ahead of gold and silver
- NY watchdog attacks Twitter over ‘jarringly easy’ Bitcoin scam hack
- Esports and gaming stocks are returning more profit than Bitcoin