PayPal has announced support for cryptocurrency payments
PayPal has announced that from 2021 it will support payments through some cryptocurrencies, which in the initial phase will be Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). To integrate this new management into its systems, for the legal part it obtained a conditional license for cryptocurrencies, the one known as BitLicense, by the New York State Department of Financial Services, and for the technical part it signed an agreement with Paxos, a known provider of cryptocurrency services and products. Initially, this new support will be limited to customers in the USA, but PayPal plans to extend it to other countries later in the year.
