News PayPal to Add Crypto as Payment Options

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The payment giant PayPal will allow users to buy and sell Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC), as well as store crypto in the built-in e-wallet. PayPal customers will also be able to use cryptocurrencies to shop at the 26 million merchants starting from early 2021. The company will initially allow purchases of bitcoin and other cryptocurrencies called Ethereum, Bitcoin Cash, and Litecoin, it revealed. It partners with Paxos Trust Company to offer the service. PayPal will not be charged for storing cryptocurrency, and until December 31, 2020, the system does not intend to take any fee when buying or selling cryptocurrency.

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