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