PayPal today announced a new service which will help people to buy, hold and sell cryptocurrency directly from their PayPal account. The service will be available to PayPal account holders in the U.S. in the coming weeks and initially feature Bitcoin Ethereum, BitcoinCash and Litecoin directly within the PayPal digital wallet.

The company plans to expand the features to Venmo and select international markets in the first half of 2021. The service is enabled in the U.S. through a partnership with Paxos Trust Company, a regulated provider of cryptocurrency products and services.

PayPal has also been granted a first-of-its-kind conditional Bitlicense by the New York State Department of Financial Services (NYDFS).

For more detailed information please view press release by PayPal here 

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