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The online payments giant has added a new 'Checkout with Crypto' feature, which is set to become available for US users from Tuesday. The service will allow those holding bitcoin, ethereum, bitcoin cash, and litecoin in their wallets to convert their tokens into US dollars or other fiat currencies while making purchases, with no additional transaction fees.
The option is set to automatically appear in people's PayPal wallets, but only one type of coin can be used for each purchase, according to the company. The fintech giant reportedly plans to enable the option at all of its 29 million merchants.
According to coinbase (as of 2021-03-30 20:35 UTC), Bitcoin was at $58,466 (+1.95%), Ethereum was at $1,840 (+2.04%), and BitCoin Cash was at $528 (+1.95%).
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(Score: 2) by legont on Wednesday March 31 2021, @12:33AM (1 child)
In 2020 did you ... use in their lingo ... any cryptocurrency.
"Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.
(Score: 0) by Anonymous Coward on Thursday April 01 2021, @04:05PM
Yeah. And notice how usually the government is incompetent but the text in the book about THAT box is very well written and comprehensive? Whoever wrote it knew quite a bit about the details of crypto.
And notice how PayPal went full KYC last year? Almost certainly in preparation for this crypto move.