Paypal introduces A Crypto-For-USD Exchange Service
PayPal now lets you change your digital coins into real dollars! Dive into how they're making big moves in the digital money world.
PayPal now lets users exchange crypto for dollars. The famous payment company, PayPal, shared exciting news on Monday. Users can now change their digital money (crypto) into real dollars (USD). Before, PayPal let users buy crypto. Now, they can also change it back to regular money.
In the company's words, “Users in the U.S. can change their crypto to USD in their PayPal wallets. They can then shop, send money, save it, or move it to their bank.” This new feature is ready for wallets, online apps, digital art markets, and is also available on MetaMask, a popular digital wallet.
For online businesses using Web3, PayPal’s new service offers strong protection against fraud, problems with payments, and disagreements.
PayPal keeps growing in the crypto world. Not long ago, PayPal introduced its own digital dollar on the Ethereum Network. They did this with their other company, Paxos. Soon, US users can use this digital dollar.
They've also teamed up with Coinbase, a big name in crypto, to help Europeans buy digital coins. Plus, Ledger, a company making digital wallets, lets US customers buy popular cryptos using PayPal.
In short, PayPal is diving deep into the world of digital money
