PayPal Enables U.S. Business Accounts to Buy, Hold, and Sell Cryptocurrency, Highlights Solana

Sep 25, 2024, 07:22 PM

PayPal has announced that it is enabling its U.S. business account holders to buy, hold, and sell cryptocurrency directly from their PayPal accounts. This new feature also allows business accounts to externally transfer cryptocurrency tokens to and from external blockchain addresses. The announcement highlights Solana and mentions the Solana-based PYUSD stablecoin. This functionality will not be available in New York State at launch. PayPal's move is seen as a significant milestone in enhancing the utility of digital assets for over 30 million merchants in the U.S.