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.