In October, PayPal made waves when it revealed that it would support the buying and selling of crypto assets like Bitcoin and Ethereum within its own application.
This was a large reversal from the comments made by the company’s former CEO, who called Bitcoin one of history’s biggest scams. There are also anecdotal stories told by investors in the space like Erik Voorhees of ShapeShift of PayPal employees laughing at Bitcoin.
After weeks of beta testing, the service has finally rolled out to all of its customers in the U.S.
PayPal Launches Crypto-Asset Purchases and Sales
Announced today, PayPal has confirmed that all “eligible PayPal account holders in the U.S. can now buy, hold and sell cryptocurrency directly with PayPal.” This comes after a waitlist and weeks of beta testing.
To recap, eligible users will be able to purchase Bitcoin, Ethereum, Bitcoin Cash, and Litecoin through the PayPal application.
This will be rolled out to Venmo users and users in “select international markets” in the first half of 2021. Continue Reading