Paypal Says Enabling Its U.S. Merchants To Buy, Hold And Sell Cryptocurrency Directly From Their Paypal Business Account; At Launch, This Functionality For Business Accounts Will Not Be Available In New York State
Portfolio Pulse from Benzinga Newsdesk
PayPal has announced that its U.S. merchants can now buy, hold, and sell cryptocurrency directly from their PayPal business accounts. However, this feature will not be available in New York State at launch.
September 25, 2024 | 7:16 pm
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POSITIVE IMPACT
PayPal's new feature allows U.S. merchants to engage in cryptocurrency transactions directly from their business accounts, potentially increasing user engagement and transaction volume.
The introduction of cryptocurrency transactions for business accounts can attract more merchants to use PayPal, increasing transaction volume and engagement. However, the exclusion of New York State may limit the initial impact.
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