PayPal announced today that it shall allow US customers to pay with cryptocurrencies throughout its worldwide retailer network, as per a report this morning on Reuters.
The move can help bolster the daily usage and adoption of cryptocurrencies like Bitcoin and Ethereum among millions of its online merchants globally—bringing in the much-needed visibility and broader proof-of-concept to the relatively niche sector.
Customers who hold bitcoin, ether, bitcoin cash and litecoin in PayPal digital wallets will now be able to convert their holdings into fiat currencies at checkouts to make purchases, the company said.
The service, which PayPal revealed it was working on late last year, will be available at all of its 29 million merchants in the coming months, the company said.
(This story is breaking and is developing.)
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Source: PayPal to allow Americans to pay with Bitcoin, Ethereum at over 29 million vendors