You can now use PayPal to buy products with select cryptocurrencies, including Bitcoin.
Starting today, the “Checkout with Crypto” feature(Opens in a new window) will be gradually rolling out for customers in the US. For the first time, PayPal will accept Bitcoin, Litecoin, Ethereum, or Bitcoin Cash as a payment option for millions of businesses across the globe.
The feature works by converting the select cryptocurrency into US dollars—but with no additional transaction fee tacked on, according to PayPal. You’ll just need agree to what conversation rate the company offers.
However, there’s a big caveat to the