PayPal Allows Bitcoin Transactions


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
More stories by
Why Investing in Vietnam Might Be Beneficial for China?

Vietnam in recent years has become one of Southeast Asia’s most vibrant economies. For China, which is already such a dominant force in global trade and manufacturing, Vietnam offe...

Jack Dorsey, a co-founder of Twitter, unveils Bitchat, a messaging program that functions without an internet connection

Jack Dorsey introduces Bitchat, a Bluetooth messaging application that allows iPhone users to talk securely and decentralizedly without the need for an internet connection.Jack Dorsey, one of the co-founders of Twitt...

India Bans Land Import of Bangladesh's Jute, Yarn

India has recently banned the importation of some woven articles and jute products from Bangladesh via land ports. However, in a notification, the Directorate General of Foreign Trade stated that the articles can be ...

How are you taking responsibility for your customers, Expedia?

I have been using Expedia I think for more than 5 years. I usually book flights from there. This is the first time...

Follow Business Habit on Facebook, Twitter