PayPal will now let all users in the US buy and sell cryptocurrencies

PayPal will now let all users in the US buy, sell, and hold cryptocurrencies right from their PayPal account. The news came in an update to a press release from last month announcing that the new functionality was on the way (via TechCrunch).

I’m seeing the functionality available in the PayPal app. For me, there’s a banner about the ability to buy cryptocurrency right at the top of the main screen, and if I tap that, I can choose to buy Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.

PayPal’s support of cryptocurrency is a significant vote of confidence in the digital currencies and could encourage everyday users to adopt them. However, PayPal isn’t the first financial...

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