Video: The First Checkout with Crypto Purchase By PaPal CEO
PayPal to let users pay for purchases at checkout using Bitcoin, other cryptocurrency.
Payments processing giant PayPal announced Tuesday that it will let users "checkout with Crypto," offering options such as Bitcoin, Litecoin, Ethereum or Bitcoin Cash.
Users who have enough cryptocurrency to cover a potential purchase on a website that accepts PayPal Checkout will see it pop up as a payment option.
Once the customer confirms a purchase at checkout, the cryptocurrency is then converted to fiat currency – or government-issued money – by PayPal to complete the transaction. PayPal also won't charge a transaction fee.