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PayPal to Support Buying and Selling Select Cryptocurrencies

(Gerd Altmann/Pixabay)

In an effort to take cryptocurrencies mainstream, PayPal will soon support Bitcoin purchases.

On Wednesday, PayPal announced(Opens in a new window) upcoming support for buying, holding, and selling select cryptocurrencies including Ethereum, Bitcoin Cash, and Litecoin. It will arrive on the PayPal app for US users in the coming weeks; PayPal-owned Venmo will get it in the first half of 2021.

One potential game changer here is PayPal allowing people to use crytocurrency to purchase real goods from its 26 million merchants, beginning in early 2021.

“Consumers will be able to instantly convert their selected cryptocurrency balance

Miami to Explore Paying City Employees in Bitcoin

(Credit: Pixabay)

The city of Miami will explore paying municipal employees in Bitcoin.

On Thursday, city commissioners voted to study the idea on a request from Mayor Francis Suarez, who’s been trying to turn Miami into a Silicon Valley-like tech hub

According(Opens in a new window) to Suarez, Miami’s city manager will study and then select a technology vendor to enable municipal employees to receive a percentage of their salary in Bitcoin if they so choose. The same vendor will also work to enable local Miami residents to pay city fees and even taxes in the virtual currency.