PayPal will now let all users in the US buy and sell cryptocurrencies

Illustration by Alex Castro / The Verge

PayPal will now let all users in the US buy, sell, and hold cryptocurrencies right from their PayPal account. The news came in an update to a press release from last month announcing that the new functionality was on the way (via TechCrunch).

I’m seeing the functionality available in the PayPal app. For me, there’s a banner about the ability to buy cryptocurrency right at the top of the main screen, and if I tap that, I can choose to buy Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.

The cryptocurrency section in the PayPal app.

PayPal’s support of cryptocurrency is a significant vote of confidence in the digital currencies and could encourage everyday users to adopt them. However, PayPal isn’t the first financial…

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