PayPal Launches "Checkout with Crypto" | Crypto Craft

  • PayPal Launches "Checkout with Crypto"

    From newsroom.paypal-corp.com

    PayPal Holdings, Inc. (NASDAQ: PYPL) today announced the launch of Checkout with Crypto, a new feature which significantly expands the utility of cryptocurrency. Available at millions of global online businesses and continuing to expand over the coming months, PayPal customers with cryptocurrency holdings in the U.S. will be able to choose to check out with crypto seamlessly within PayPal at checkout. Building on the ability to buy, hold and sell cryptocurrency with PayPal, customers using Checkout with Crypto can check out safely and easily, converting cryptocurrency holdings to fiat currency1 at checkout, with ... (full story)

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yieldjunkie
Mar 30, 2021 2:03pm
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Seems to me that this may circumvent the transaction speed issue with certain cryptos, since fiat is being used for the actual purchase. You'd definitely be getting hit with capital gains tax on top of sales tax though...
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