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CLAIM ID

093d4ba5

PayPal customers can buy and sell Bitcoin using PayPal accounts.

Paypal announces to buy, sell, and store virtual Bitcoins in the customer's digital wallet by early 2021. It is has a conditional Bitlicense.

Paypal announces to buy, sell, and store virtual Bitcoins in the customer's digital wallet by early 2021. It is has a conditional Bitlicense.Linda A. Lacewell, Superintendent of Financial Services, announced on October 21, 2020, PayPal. Inc (PayPal) is the first to receive a conditional Bitlicense from the New York State Department of Financial Services (DFS). Paypal announced on October 21, 2020, that its customers could buy and sell Bitcoin and other virtual currencies using their PayPal accounts. By early 2021, Customers can use those virtual coins to buy things from the 26 million sellers, which accept PayPal.

The company introduces the ability to buy, hold, and sell select cryptocurrencies directly within the PayPal digital wallet. To increase consumer understanding and adoption of cryptocurrency, initially featuring Bitcoin, Ethereum, Bitcoin Cash, and Litecoin,

The service had enabled in the U.S. through a partnership with Paxos Trust Company, a regulated provider of cryptocurrency products and services. The service will be available to PayPal account holders in the U.S. in the coming weeks.

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