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PayPal will allow paying with Bitcoin in Partner Stores

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paying with Bitcoin

PayPal will allow paying with Bitcoin in partner stores

In the coming months, payment giant PayPal will provide users with the ability to pay for purchases with Bitcoin, Bitcoin Cash, Ethereum, and Litecoin at 29 million points of sale. This is reported by Reuters, referring to the forthcoming statement of the company.

paying with Bitcoin

At the time of purchase, users will be able to convert cryptocurrency to fiat.

“For the first time, customers will be able to seamlessly use the cryptocurrency stored in their PayPal wallet, just like a credit or debit card,” – CEO Dan Shulman told the publication.

He added that PayPal will not charge transaction fees when placing an order using cryptocurrency. For each purchase, the client will be able to use only one type of coin.

As a reminder, in November 2020, PayPal launched the purchase and sale of bitcoin for US users. And in early March 2021, the payment giant confirmed plans to acquire the infrastructure provider for storing cryptocurrencies Curv (read more here).

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