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PayPal Opens Crypto Payments
PayPal opened its Checkout with Crypto product to US customers Tuesday, allowing them to purchase items online using digital assets held in their PayPal wallets. PayPal framed the offering as a “new way for businesses to get paid” and a way to add utility to cryptocurrency for its holders, according to a press release Tuesday. Although, while digital cash was the initial vision for bitcoin, that use case hasn’t yet taken off as merchants largely don’t want to take on the risk of its price volatility and cryptocurrency holders largely prefer to hold onto it as the price climbs higher. Consistent with those ... (full story)
