PAYPAL TO ALLOW CRYPTOCURRENCIES AFTER OBTAINING A NEW YORK LICENSE
Legal Era|November 2020
PayPal has decided to embrace cryptocurrencies and will soon offer its customers in the United States (U.S.) the ability to buy, hold, sell, and use various virtual currencies. The company has obtained a New York license allowing it to do so.
PAYPAL TO ALLOW CRYPTOCURRENCIES AFTER OBTAINING A NEW YORK LICENSE

PayPal customers would be able to use the cryptos as a funding source at the company’s 26 million merchants from early 2021.

The move is seen as an endorsement from PayPal and its sprawling digital wallet network as a means of catapulting cryptocurrencies into mainstream use.

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