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PayPal expands crypto offerings: How will this shake up the market?

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PayPal empowers U.S. merchants with cryptocurrency capabilities, marking a pivotal moment in digital asset integration.

Against the backdrop of a surging wave of cryptocurrency adoption, the year 2024 has marked a significant turning point, largely fueled by the launch of Exchange-Traded Funds .and political leaders, who are showing great enthusiasm for digital currencies.Seeing this trend, PayPal Holdings announced on the 25th of September that it will enable U.S. merchants to buy, hold, and sell cryptocurrency directly from their business accounts.

For those unaware, PayPal is among the limited number of firms that have secured New York’s stringent BitLicense, and it also holds a trust license issued by the state’s Department of Financial Services.PayPal USD

 

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