PayPal Expands Access for US Business Accounts in the Crypto News Landscape
PayPal Expands Crypto Access
PayPal has taken another step toward broadening crypto adoption by enabling US business accounts to buy, sell, and store cryptocurrencies. This feature, announced on September 25, allows millions of US merchants to access the growing digital asset market directly from their PayPal business accounts.
Regulatory Challenges
However, due to regulatory restrictions, the service will initially be unavailable in New York.
From Consumers to Companies
This effort is part of PayPal's broader strategy to offer more versatile digital asset management options to both companies and individuals. By enabling business owners to manage cryptocurrencies directly through their current accounts, PayPal simplifies the integration of crypto transactions and operations for merchants.
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