PayPal Bridges Traditional Finance and Crypto for 650M Users
PayPal recently announced a significant update to its platform, enabling over 650 million users to transact using cryptocurrencies for a range of services, including peer-to-peer payments, bill payments, and in-store purchases at select merchants. This move is considered one of the largest expansions of crypto adoption in the fintech sector, as it allows users to buy, hold, and sell cryptocurrencies directly within the PayPal ecosystem. The available cryptocurrencies include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and XRP, with plans to expand the selection in the future [1].
The integration of crypto functionality is part of PayPal’s broader strategy to stay competitive in a rapidly evolving digital financial landscape. The…
