PayPal expands crypto services for US business accounts by Investing.com

PayPal Holdings (NASDAQ:) has taken a significant step: US merchants can now buy, hold and sell cryptocurrencies through their business accounts. This innovation, announced on Wednesday, represents a significant expansion of PayPal’s crypto offering and is aimed at offering companies more flexibility in the digital economy.

The online payment giant is taking a pioneering role in integrating digital currencies into its platform. While previously only private users had access to cryptocurrencies, companies in the US can now also process crypto transactions directly via their PayPal business accounts.

PayPal’s initiative is part of a broader trend as more fintech companies embrace digital currencies, which are increasingly becoming mainstream. The new service is expected to give merchants an additional tool to leverage the crypto market, which is attracting growing interest from consumers and investors alike.

In an ever-changing crypto landscape, PayPal’s decision to include business accounts in its crypto offering could simplify digital transactions for merchants, opening up new opportunities for them to adapt their business operations to the latest developments in financial technology.

Reuters contributed to this article.

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