PayPal Expands Cryptocurrency Capabilities for U.S. Businesses
- PayPal now allows business accounts to buy, hold, and sell cryptocurrency.
- The service is not yet available for businesses in New York.
- PayPal and Venmo have been providing such capabilities for consumers since 2020.
- PayPal launched its PYUSD stablecoin on Ethereum and Solana in August 2023.
- 📉 PYUSD transactions have grown to $500 million per week.