PayPal now with Bitcoin and Co.: All info on the innovation

Cryptocurrencies are experiencing a slight upswing again in 2020. Fittingly, PayPal, one of the world's leading payment service providers, is addressing the issue. Read all about the big news.

Digital payment 2.0: PayPal customers will soon be able to use cryptocurrencies to store.

It had been expected for some time that PayPal would become active in matters of cryptocurrencies. In October 2020, the time had come.

PayPal with wallet for cryptocurrencies: So it looks

Through the implementation, PayPal users can buy, store and sell cryptocurrencies directly in your account.

• This is initially Bitcoin, Bitcoin Cash, Litecoin and Ethereum.
• Initially, this option is only available to customers in the U.S.
• PayPal has announced that in 2021, other countries will follow. Whether also Germany belongs to it, was not called.
• Ebenfalls from next year, the cryptocurrencies available on the account should also be able to be used as a means of payment. The conversion takes place via PayPal during the payment process.

It is thus a big step for the real-world application of cryptocurrency, as PayPal has quite a few million customers worldwide. How this will affect the price of Bitcoin and Co. on the other hand remains to be seen, as experience shows that developments are not always logically predictable.