{"id":215141,"date":"2021-03-30T17:27:47","date_gmt":"2021-03-30T14:27:47","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/paypal-launches-cryptocurrency-checkouts-for-online-shopping\/"},"modified":"2021-03-30T17:27:47","modified_gmt":"2021-03-30T14:27:47","slug":"paypal-launches-cryptocurrency-checkouts-for-online-shopping","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/paypal-launches-cryptocurrency-checkouts-for-online-shopping\/","title":{"rendered":"#PayPal launches cryptocurrency checkouts for online shopping"},"content":{"rendered":"

“#PayPal launches cryptocurrency checkouts for online shopping<\/strong>”<\/p>\n

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PayPal rolled out a new feature Tuesday allowing shoppers to make purchases with cryptocurrency at millions of online stores.<\/p>\n

The digital payments giant\u2019s \u201cCheckout with Crypto\u201d<\/a> service is the latest move by a major corporation to expand the use of digital currencies like bitcoin.<\/p>\n

PayPal already allows users to buy and sell cryptocurrencies through its platform. Now their crypto holdings will app<\/a>ear as a payment option alongside their bank account or credit card when they\u2019re checking out at eligible online stores, PayPal says.<\/p>\n

PayPal says it will process the payments by converting the customer\u2019s cryptocurrency into traditional cash for the business without a transaction fee. <\/p>\n

The new service is available to US customers at millions of online businesses and will continue to expand in the coming months, the company says. It only supports four cryptocurrencies for now \u2014 bitcoin, Ethereum, Bitcoin Cash and Litecoin \u2014 and only one type of coin can be used for each purchase.<\/p>\n

\"The
The new service is available to US customers at millions of online stores.<\/figcaption>
REUTERS<\/span><\/figcaption><\/figure>\n

PayPal contends the move supports the company\u2019s goal of offering choices for shoppers and businesses alike and called it a \u201cnatural extension\u201d of the services it already offers merchants.<\/p>\n

\u201cEnabling cryptocurrencies to make purchases at businesses around the world is the next chapter in driving the ubiquity and mass acceptance of digital currencies,\u201d PayPal president and CEO Dan Schulman said in a statement.<\/p>\n

PayPal\u2019s announcement came just a day after credit-card giant Visa announced that it would let customers use the USD Coin cryptocurrency to settle transactions on its payment network.<\/p>\n

The financial-services stalwarts joined the likes of Mastercard and BNY Mellon, the nation\u2019s oldest bank, in embracing cryptocurrency amid a staggering rally in the price of bitcoin.<\/p>\n

\"PayPal
PayPal calls the move a \u201cnatural extension\u201d of the services it already offers.<\/figcaption>
PayPal Holdings, Inc.<\/span><\/figcaption><\/figure>\n

Tesla also announced last week that it started accepting bitcoin as payment for its electric cars, six weeks after revealing that it had invested $1.5 billion of its corporate cash in the world\u2019s biggest cryptocurrency.<\/p>\n

Bitcoin was trading up about 1.7 percent at $59,083.54 as of 9:43 a.m. Tuesday, while Ethereum, the world\u2019s second-largest crypto coin by market value, was recently up about 3.2 percent at $1,840.82, according to CoinDesk.<\/p>\n

PayPal shares, meanwhile, were recently down about 0.5 percent at $234.40 in early trading.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#PayPal launches cryptocurrency checkouts for online shopping” PayPal rolled out a new feature Tuesday allowing shoppers to make purchases with cryptocurrency at millions of online stores. The digital payments giant\u2019s \u201cCheckout with Crypto\u201d service is the latest move by a major corporation to expand the use of digital currencies like bitcoin. PayPal already allows users…<\/p>\n","protected":false},"author":1,"featured_media":215142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/03\/paypal-crypto-bitcoin-02.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[74862,74889,76574,100037,76127,72446],"class_list":["post-215141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-payments","tag-paypal","tag-3-30-21","tag-cryptocurrency","tag-online-shopping"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/215141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=215141"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/215141\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/215142"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=215141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=215141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=215141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}