Since we launched the ability for PayPal and Venmo consumers to buy, sell, and hold cryptocurrency in their wallets, we have learned a lot about how they want to use their cryptocurrency.
Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers. We're excited to meet that demand by delivering this new offering, empowering them to engage with digital currencies effortlessly.
In addition to buying and selling, U.S. merchants can now externally transfer cryptocurrency to third-party wallets. This new functionality further increases the flexibility of crypto transactions for businesses.
PayPal's expansion into offering businesses the ability to buy and hold Bitcoin and crypto on its platform builds on its growing digital currency initiatives.
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