TechFlow News — According to an exclusive Reuters report, PayPal will announce on Tuesday evening that it has begun allowing U.S. consumers to use their cryptocurrency holdings to pay millions of online merchants worldwide—a move that could significantly boost the adoption of digital assets in the United States. The company stated that customers who hold Bitcoin, Ethereum, Bitcoin Cash, and Litecoin in their PayPal digital wallets can now convert these holdings into fiat currency at checkout to complete purchases. PayPal said it will roll out this feature to its 29 million merchants over the coming months. "This is the first time cryptocurrencies can be used seamlessly within PayPal just like a credit or debit card in your wallet," said President and CEO Schulman. The company will not charge any transaction fees for using cryptocurrency at checkout, and only one type of token can be used per purchase.
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