PayPal Allows Bitcoin Transactions

Business Habit ⋅ @businesshabit ⋅ Nov 26, 2020

Bitcoin has been added to the list of transactions on PayPal, a popular global online payment system based in the United States. Not just Bitcoin; PayPal has also added cryptocurrencies or virtual currencies like Ethereum and Lightcoin to its payment gateway.

PayPal's landmark announcement comes just before the launch of the shopping service in the United States. PayPal's new service is going to be launched next week. The number of sellers or service providers offering PayPal is 26 million.

With the introduction of cryptocurrency, customers or payers will now be able to make payments to these sellers through this virtual currency through PayPal. Such currencies can be transacted through PayPal Digital Wallet service.

Meanwhile, other payment systems, such as Square's Cash and Revolt, have already added cryptocurrency to their payments system.

Category and Tags

Technology Paypal, Payment Gateway, Paypal Allows Bitcoin, Paypal Allows Lightcoin, Paypal Allows Ethereum

More stories by Business Habit

Elon Musk should focus on Aviation safety systems to prevent airplane crashes

Why Elon Musk Should Focus on Aviation Safety SystemsElon Musk, the tech visionary behind Tesla, SpaceX, and Neuralink, has made a career of tackling humanity’s most complex challenges. From transitioning the world to sustainable energy to making l

Bangladesh and Japan are signing their first free trade deal

Bangladesh and Japan have been strengthening their economic ties, culminating in the initiation of negotiations for a bilateral Economic Partnership Agreement (EPA) in 2024. This agreement, marking Bangladesh's first free trade agreement with Japan,

Pakistan is interested in buying medicine from Bangladesh

Syed Ahmed Maruf, the High Commissioner of the country appointed in Dhaka, said that Pakistan is interested in importing medicines from Bangladesh. The High Commissioner said that Bangladesh is in a very good position in the pharmaceutical industry.

Dr. Muhammad Yunus Among Top 10 Personalities of the Year by Nature

Chief advisor. Muhammad Yunus Photo: Nature.comIn a remarkable achievement that highlights the intersection of science, social innovation, and global impact, Dr. Muhammad Yunus, the Bangladeshi Nobel Peace Prize laur...

Intel Resuming Free Coffee and Tea After 15,000 Employee Layoffs

After cutting several employee benefits in an effort to save money, Intel has announced that it will once again provide free coffee and tea to its staff. Intel made the decision to fire 15,000 employees in August of this year. Intel reduced a nu