Krutika Adani
PayPal has opened doors to crypto trading for US businesses, allowing them to buy, sell, store, and send crypto from its platform.
Now with PayPal, US businesses can also accept crypto-based payments. However, the ability to accept crypto via payment gateways is not available as of now.
The move could encourage small and medium businesses to be more crypto-friendly.
The feature is only available for US-based businesses as of now. Rollout for international customers might take some more time as PayPal has not yet rolled it out for retail users worldwide.
The rollout will allow businesses to have a part of their balance sheet in crypto which may increase its market demand