Degen

PayPal announced that US businesses can now buy, sell and hold cryptocurrencies through their merchant accounts on the platform.  This service is available in 49 US states except New York.  Jose Fernandez da Ponte, senior vice president of blockchain and crypto at PayPal, said the decision was made in response to increased demand.  In addition, PayPal has also provided the possibility of transferring digital currencies to foreign wallets for these businesses.  This action could be an important step in increasing the adoption of digital currencies among American companies.

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