PAYPAL NOW ALLOWING US BUSINESS ACCOUNTS TO TRADE CRYPTOCURRENCY

PayPal is now allowing U.S. business accounts to trade cryptocurrencies, including Bitcoin and Ethereum, directly from their accounts .

This move is part of PayPal's broader strategy to integrate digital currencies into its platform, providing more flexibility and options for businesses engaging in cryptocurrency transactions .

Key Features:

- Buying, Selling, and Holding Crypto: U.S. merchants can now buy, hold, and sell cryptocurrencies directly from their PayPal business accounts .

- External Transfers: Businesses can transfer cryptocurrencies to external wallets .

- Stablecoin Support: PayPal's stablecoin, PayPal USD (PYUSD), is also available for businesses to use .

Important Notes:

- This service is not available for businesses in New York State at launch .

- Businesses must have a U.S.-based PayPal business account to access these features .

By expanding its cryptocurrency services to businesses, PayPal aims to meet the growing demand from business owners who want to leverage digital assets in their operations