This website uses cookies to ensure you get the best experience on our website
Join us on Telegram for FREE daily market updates!

Blog

Date:
31st Mar 2021
Author:
Dalmas Ngetich, for CryptoAltum News Team

PayPal Creates a Check out Service for Ethereum (ETH), Bitcoin, and LTC Holders in the U.S.

PayPal has activated a 'Checkout with Crypto'feature for ETH, BTC, and LTC holders in the U.S. As such, coin holders would use their holdings to pay for goods and services from the over 60 million merchants across the world directly from their accounts without additional fees. In response, supported cryptocurrencies, including ETH and BTC, rose. 


Details:

PayPal, after announcing crypto support in late 2020, is following through, now enabling coin holders to pay for goods and services using their stash. It is a massive endorsement of Ethereum, a project that's building to address scaling concerns while rolling out suitable solutions for lower fees, subsequently enhancing user experience.


Impact on the ETH Price:

Bullish. PayPal announcement is a few hours afterVisa's move. Besides enterprise adoption, on-chain developments, including scaling efforts, build a case for ETH/USD bulls. Supporters say ETH prices can tear above recent resistances to all-time highs above $2.1k.


More market news over on ourBlog

Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.
  • Copyright Excel Innovations Ltd (CryptoAltum) 2020