PayPal Enables U.S. Business Accounts to Buy, Hold, and Sell Cryptocurrency

The new feature allows U.S. merchants to engage with digital currencies directly from their PayPal business accounts, excluding New York State at launch.

PayPal's new service is in response to growing demand from business owners for cryptocurrency capabilities.
U.S. merchants can now buy, hold, sell, and transfer cryptocurrencies such as Bitcoin and Ethereum.
The service excludes business accounts in New York State at launch due to regulatory constraints.
This move follows PayPal's introduction of similar features for personal accounts in 2020 and the launch of its stablecoin, PYUSD, in 2023.
PayPal aims to increase the utility of cryptocurrencies by integrating them into business accounts, potentially expanding payment options and customer reach.