Bulletins

PayPal will let customers make purchases using Bitcoin and other cryptocurrencies

Its new Checkout with Crypto feature will make it possible for customers to convert their crypto assets into fiat currencies.

Bitcoin

"Enabling cryptocurrencies to make purchases at businesses around the world is the next chapter in driving the ubiquity and mass acceptance of digital currencies," PayPal CEO Dan Schulman said in a statement.

Image: Andre Francois McKenzie / Protocol
PayPal said Tuesday it will start letting users make payments using Bitcoin and other cryptocurrencies.

The company said its new Checkout with Crypto feature will make it possible for customers to convert their crypto assets, including Bitcoin, Litecoin, Ethereum or Bitcoin Cash, into fiat currencies when they make a purchase at millions of its online merchants.

"Enabling cryptocurrencies to make purchases at businesses around the world is the next chapter in driving the ubiquity and mass acceptance of digital currencies," PayPal CEO Dan Schulman said in a statement.

 Benjamin Pimentel

Benjamin Pimentel ( @benpimentel) covers crypto and fintech from San Francisco. He has reported on many of the biggest tech stories over the past 20 years for the San Francisco Chronicle, Dow Jones MarketWatch and Business Insider, from the dot-com crash, the rise of cloud computing, social networking and AI to the impact of the Great Recession and the COVID crisis on Silicon Valley and beyond. He can be reached at bpimentel@protocol.com or via Google Voice at (925) 307-9342.

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