Payments giant Paypal has launched the “Checkout With Crypto” service to allow consumers to make payments at millions of merchants using cryptocurrencies in their Paypal wallets. “This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your Paypal wallet,” said Paypal’s CEO.
Crypto Payments Through Paypal Now Enabled at Millions of Merchants
Paypal Holdings Inc. announced on Tuesday the launch of a new service called “Checkout with Crypto.” The announcement details:
Available at millions of global online businesses and continuing to expand over the coming months, Paypal customers with cryptocurrency holdings in the U.S. will be able to choose to check out with crypto seamlessly within Paypal at checkout.
“Checkout with Crypto will automatically appear in the Paypal wallet at checkout for customers with sufficient cryptocurrency balance to cover an eligible purchase,” the announcement adds. “All transactions are settled in USD and converted to the applicable