PayPal Holdings now enables U.S. merchants — except those in New York State — to buy, hold and sell cryptocurrency directly from their PayPal business accounts.
The company also now enables PayPal business account holders to send and receive supported cryptocurrency tokens to and from external blockchain accounts, PayPal Holdings said in a Wednesday (Sept. 25) press release.
The addition of these capabilities for business account holders follows the 2020 announcement that consumers could buy, hold and sell cryptocurrency directly from their PayPal and Venmo accounts, according to the release.
“Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers,” Jose Fernandez da Ponte, senior vice president of blockchain, cryptocurrency and digital currencies at PayPal, said in the release. “We’re excited to meet that demand by delivering this new offering,…
