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Fintech payments giant 
PayPal is enabling crypto support for millions of merchant accounts!
What’s the Scoop?
- Crypto Corporations: PayPal announced Wednesday that it is extending crypto custody, swapping, and transfer functionalities – previously restricted to consumer accounts – to U.S. business accounts in every state except New York and Hawaii.
- Latest Crypto Push: This latest news from PayPal comes amid continued embrace of its PYUSD stablecoin, which has quickly grown to become the 6th largest stablecoin by market cap with nearly $750 million in circulating supply.
Bankless Take:
Seamless crypto support through a widely adopted fintech payments platform undeniably increases the accessibility of digital assets, but only time will tell if this latest development can finally catalyze mainstream acceptance for blockchain-based payments among corporations.
BREAKING: PayPal is launching crypto custody, swapping, and transfer functionalities for business accounts
— Bankless (@BanklessHQ) September 25, 2024
Which mainstream corporation will be the first to accept crypto payments?
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