{"id":38443,"date":"2024-09-26T08:24:47","date_gmt":"2024-09-26T08:24:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/paypal-enables-crypto-buying-and-selling-for-us-business-accounts\/"},"modified":"2024-09-26T08:24:47","modified_gmt":"2024-09-26T08:24:47","slug":"paypal-enables-crypto-buying-and-selling-for-us-business-accounts","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/paypal-enables-crypto-buying-and-selling-for-us-business-accounts\/","title":{"rendered":"PayPal enables crypto buying and selling for US business accounts"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/06-PayPal-2-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/06-PayPal-2-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/06-PayPal-2-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/06-PayPal-2-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>PayPal enables US business accounts to buy, hold and cell crypto.<\/li>\n<li>Service will initially be unavailable to users in New York State.<\/li>\n<\/ul>\n<p>PayPal has expanded the feature that allows consumers to buy, hold and sell cryptocurrencies in the US to business accounts.<\/p>\n<p>In an <a href=\"https:\/\/newsroom.paypal-corp.com\/2024-09-25-PayPal-Enables-Business-Accounts-to-Buy,-Hold-and-Sell-Cryptocurrency\" target=\"_blank\" rel=\"noopener\">announcement<\/a> on Sept. 25, PayPal said clients with businesses across the US can now purchase, hold or sell crypto directly from their merchant accounts. The company\u2019s move follows increased demand for the service, which PayPal and Venmo retail users have enjoyed since 2020.<\/p>\n<p>\u201cBusiness owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers,\u201d Jose Fernandez da Ponte, senior vice president of blockchain, cryptocurrency, and digital currencies at PayPal, said.<\/p>\n<p>Enabling access for merchants meets this demand, and also empowers business owners to tap into and benefit from digital currencies.<\/p>\n<p>In this case, PayPal also plans to enable on-chain crypto transfers for US merchants, with these available to \u201celigible\u201d third-party wallets. This means business accounts will be able to send and receive supported tokens.<\/p>\n<h2>Not available in New York state<\/h2>\n<p>While merchants across the US will have access to the crypto service, PayPal has announced that the service will not be available to business account holders in New York state. However, PayPal holds the BitLicense and trust license from the New York Department of Financial Services.<\/p>\n<p>PayPal\u2019s latest announcement adds to recent steps that represent the company\u2019s growing push into the digital assets and blockchain space. Following its launch of crypto support in 2020, the payments giant followed it up with the unveiling of its PayPal USD (PYUSD) stablecoin in 2023.<\/p>\n<p>Earlier this month, PayPal and Venmo <a href=\"https:\/\/coinjournal.net\/news\/paypal-and-venmo-integrate-support-for-ens-domain-names\/\">integrated<\/a> Ethereum Name Service (ENS). The integration added ENS domain names, allowing for streamlined crypto transactions.<\/p>\n<p>Meanwhile, PYUSD recently <a href=\"https:\/\/coinjournal.net\/news\/paypal-stablecoin-pyusd-officially-launches-on-solana\/\">expanded to Solana<\/a> and is also available to Xoom users.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/paypal-enables-crypto-buying-and-selling-for-us-business-accounts\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) PayPal enables US business accounts to buy, hold and cell crypto. Service will initially be unavailable to users in New York State. PayPal has expanded the feature that allows consumers to buy, hold and sell cryptocurrencies in the US to business [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":38444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38443"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=38443"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38443\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/38444"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=38443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=38443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=38443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}