PayPal Makes Cryptocurrency Service Available to All Users
Any user of PayPal Holdings' (NASDAQ: PYPL) services can now conduct their business in cryptocurrencies. The company said Thursday that all eligible account holders are now able to buy, sell, and hold some of the most popular ones. Initially, this means bitcoin, Etherium, Litecoin, and Bitcoin Cash.
Users can transact the cryptocurrencies through the company's namesake app. PayPal said this functionality would also be made available through its popular personal transaction app Venmo starting next year. The company will also roll it out in unspecified international markets.
These moves come a month after the company said it would bolt crytocurrency capability onto its PayPal app. Shortly afterwards, the company offered it in a limited rollout prior to Thursday's wide release. Demand for cryptocurrency transacting was heavy, though, with CEO Daniel Schulman saying in an earnings conference call with analysts that "our base is very eager for us to offer these capabilities."
Source Fool.com
