PayPal has added the ability to exchange cryptocurrencies for dollars in the US
PayPal has added the ability to exchange cryptocurrencies for dollars for US customers
Customers of the payment system will be able to convert cryptocurrencies from Consensys and Ledger wallets into dollars and then transfer them to PayPal accounts
Payment giant PayPal has introduced the ability for US customers to transfer cryptocurrency into US dollars, according to the company's website.
Earlier, the company began cooperation with counterparties Consensys and Ledger, thanks to which US customers were able to buy cryptocurrency directly through the platform. The new feature is designed for reverse exchange: clients of the payment system will be able to convert cryptocurrency assets from Consensys and Ledger wallets into dollars, and then transfer them to PayPal accounts.
"The integration of the payment solution will allow Web3 marketers to expand their user base through connectivity to a fast and seamless system," the company said.
Earlier, PayPal launched its own dollar-stablecoin after two years of development and portability. The stablecoin from the payment service was named PayPal USD and the exchange ticker PYUSD. Its issuer is the company Paxos.
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