Altcoins News
By Maheen Hernandez
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Reuters reported that PayPal Holdings Inc will start permitting U.S. consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally.
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Therefore, now all the customers who hold Bitcoin, Ether, Bitcoin Cash and Litecoin in PayPal digital wallets can now spend their holdings by converting them into fiat currencies…
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This service is something that PayPal has been working on from late last year and now the service will be soon made available in nearly 29 million merchants through the…
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Dan Schulman, President and CEO has reportedly stated per Reuters ahead of a formal announcement that “This is the first time you can seamlessly use cryptocurrencies in the same…
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PayPal users will now be able to buy, sell and hold cryptocurrencies, which means LTC is in the list and is a reason for the LTC community to be excited about.
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Important to note that this news is coming at a point in time when Tesla Inc stated that they would start accepting bitcoin payments for their cars.
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Thus, cryptocurrency is gaining traction in the mainstream and very soon it is expected to become a widely used method of payment; however, the delay any will be due to its…
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PayPal has taken this decision of fiat currency for merchants because merchants will not be willing to deal with the volatility risk.
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Schulman also stated, “We think it is a transitional point where cryptocurrencies move from being predominantly an asset class that you buy, hold and or sell to now becoming a…
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The good news seems to be that the company will not charge transaction fee to checkout with crypto.
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