PayPal is used by millions across the world. With PayPal, sending money to family and friends or making a business transaction has never been easier over the year. PayPal is finally getting in bed with cryptocurrency. Cryptocurrency is a digital asset that can be used to make purchases and even trade, which you can learn more at https://learnbonds.com/bitcoin-revolution. Now you can buy Bitcoins and other popular cryptocurrencies such as Etherum, Litecoin, and Bitcoin Cash. Users will be able to buy, sell, and hold cryptocurrencies directly using their PayPal account. Users won’t be able to use cryptocurrencies to pay or send through PayPal. When making purchasing cryptocurrency through PayPal, you will be able to use a linked debit card or bank account. Your bank may charge you a fee when purchasing. when using these options as a funding source. Another great thing to note, when buying or selling cryptocurrency through PayPal, there will be no transaction fees until 2021.
Let’s take a look at the cryptocurrencies that you will be able to:
Bitcoin
Bitcoin, which was introduced in 2009 by Satoshi Nakamoto is the largest cryptocurrency in terms of value.
Ethereum
Ethereum, which is also referred to as Ether, is the second-largest cryptocurrency as far as value. Etherum is a decentralized open-source blockchain that also features smart contract functions.
Bitcoin Cash
Bitcoin Cash came in the mix in 2017. The word is, transactions are much faster than Bitcoin itself.
Litecoin
Litecoin is a peer-to-peer cryptocurrency and open-source software. This crypto can mine faster than Bitcoin, in which it can produce one new coin every 2.5 minutes.
What’s To Come
PayPal has some great things planned in 2021 for its digital wallet. Users will be able to make purchases using their crypto wallet at over 28 million merchants. PayPal will also look to add additional cryptocurrencies in due time.
Conclusion
While it is exciting to see PayPal getting involved in the world of cryptocurrency, there are many other alternatives to buy sell, and hold your cryptocurrencies, such as Coinbase and Bitstamp to name a few. It will be interesting to see how PayPal expands with their newly added
