Paypal already allows payment with bitcoins



The cryptocurrency sector peaked in October last year after the PayPal payment gateway made official its announcement to incorporate into its platform the option to carry out cryptocurrency operations.

Months later the promise has been fulfilled. A few days PayPal activated its"Checkout with crypto"service through which only users of this platform residing in the United States may have the opportunity to make payments with cryptocurrencies such as bitcoins, bitcoin cash, and ether.

It should be noted that merchants, where such payments are allowed, will not receive cryptocurrencies, but the equivalent value in dollars.

When making the payment in PayPal with cryptocurrencies the process is very simple. You only have to log into your PayPal account and then choose from the options displayed the corresponding one to pay with your available balance in one of the cryptocurrencies that the platform offers you.

Once you have selected the cryptocurrency with which you will make the payment of the product, the system will show you the amount of the product that will be deducted from your balance, all without commission charges.

After doing this, confirmation of the payment made will be generated and sent to your cell phone. And while PayPal is managed, it is Paxos, a company specialized in cryptocurrency payments that process the transaction.

On the other hand, it should be noted that users will only be able to make payments with cryptocurrencies that have been previously purchased with PayPal, thus discarding the use of external wallets.

This is how integrating payment in PayPal with cryptocurrencies dispels the differences between such transactions and those made with conventional fiat currencies. This makes PayPal the only platform to work with end-to-end cryptocurrencies.

PayPal considers that cryptocurrency payments on its platform are an excellent alternative for people who do not have a bank account, as well as for migrant workers who require sending money to their countries of origin, thus avoiding the payment of commissions that can in some cases reach 10%.


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