PayPal Enables US Merchants to Trade Cryptocurrency Directly from Business Accounts

According to BlockBeats, PayPal is now allowing U.S. merchants to buy, hold, and sell cryptocurrencies directly from their PayPal business accounts. This new feature, however, is not available for business accounts in New York State at the time of its launch. In addition to trading cryptocurrencies, PayPal has also introduced a feature that enables business accounts to transfer cryptocurrencies to external wallets. This move is part of PayPal's broader strategy to integrate digital currencies into its platform, providing more flexibility and options for businesses engaging in cryptocurrency transactions.