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PayPal users can now pay with cryptocurrencies

Deepanker Verma March 30, 2021 Cryptocurrency, Internet

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Paypal is another company that is now allowing its customers to use cryptocurrencies. The company has launched the “Checkout with crypto” option to pay with cryptocurrencies.

Today, we are announcing the launch of Checkout with Crypto, a new way for PayPal customers to check out with #Cryptocurrency to pay for select online purchases. https://t.co/RbOe8aLtlz pic.twitter.com/zGWHgbwVlU
— PayPal (@PayPal) March 30, 2021

Paypal customers in the US who own cryptocurrencies will be able to choose to check out with crypto within Paypal at checkout. This option can easily convert cryptocurrency holdings to fiat currency1 at checkout with no additional transaction fees.

Checkout with Crypto option should now appear in the PayPal wallet at checkout for US customers who have sufficient cryptocurrency balance to cover the purchase they are making.

Customers will be able to select from several cryptocurrencies including Bitcoin, Litecoin, Ethereum, or Bitcoin Cash, depending on what they are holding with Paypal. Only one type of cryptocurrency can be used for purchase.

Checkout with Crypto option is now being rolled out to PayPal customers in the U.S. today.

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About the Author: Deepanker Verma

Deepanker Verma is the Founder and Editor-in-Chief of TechloMedia. He holds Engineering degree in Computer Science and has over 15 years of experience in the technology sector. Deepanker bridges the gap between complex engineering and consumer electronics. He is also a a known Security Researcher acknowledged by global giants including Apple, Microsoft, and eBay. He uses his technical background to rigorously test gadgets, focusing on performance, security, and long-term value.