{"id":31700,"date":"2020-11-12T22:36:42","date_gmt":"2020-11-12T20:36:42","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31700"},"modified":"2025-08-28T04:59:22","modified_gmt":"2025-08-28T01:59:22","slug":"paypal-launches-bitcoin-buying-and-selling-for-us-users","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/paypal-launches-bitcoin-buying-and-selling-for-us-users\/","title":{"rendered":"PayPal launches bitcoin buying and selling for US users"},"content":{"rendered":"<p>The payments company PayPal <a href=\\\"https:\/\/newsroom.paypal-corp.com\/2020-10-21-PayPal-Launches-New-Service-Enabling-Users-to-Buy-Hold-and-Sell-Cryptocurrency\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">announced<\/a> access to bitcoin and several altcoins for its American customers.<!--more--><\/p>\n<p>Among the supported cryptocurrencies are Bitcoin, Bitcoin Cash, Ethereum and Litecoin.<\/p>\n<blockquote>\n<p>\u201cWe are pleased to announce that all eligible US account holders can now buy, hold and sell cryptocurrency directly through PayPal,\u201d the company said.<\/p>\n<\/blockquote>\n<p>Cryptocurrency transactions will be automatically converted into fiat. This means that merchants will not have to leave their familiar traditional system.<\/p>\n<p>To implement the new feature, PayPal, after partnering with Paxos, received a limited license from the New York State Department of Financial Services.<\/p>\n<p>PayPal confirmed that cryptocurrencies can be used to pay for goods and services at 26 million points of sale that operate with the platform.<\/p>\n<p>The weekly limit for buying cryptocurrencies, previously set at $10,000 per week, has been raised to $20,000.<\/p>\n<p>Earlier, PayPal <a href=\"https:\/\/u1f987.com\/en\/news\/paypal-to-enable-buying-selling-and-holding-bitcoin-and-other-cryptocurrencies\">announced<\/a> the launch of the ability to buy, sell and store bitcoin and other cryptocurrencies in October.<\/p>\n<p>CEO Dan Schulman also said the company could begin working with central bank digital currencies (CBDCs). In his view, their rollout is only a matter of time.<\/p>\n<p>Follow ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forkloglive\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog FEED<\/a> \u2014 the full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The payments company PayPal announced access to bitcoin and several altcoins for its American customers.<\/p>\n","protected":false},"author":1,"featured_media":31701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[182],"class_list":["post-31700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-paypal"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=31700"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31700\/revisions"}],"predecessor-version":[{"id":31702,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31700\/revisions\/31702"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/31701"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=31700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=31700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=31700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}