PayPal has announced the integration of cryptocurrencies into its services in Europe, allowing users to buy, sell and store digital assets directly through the platform. The expansion was made possible thanks to the support of EU regulators and growing demand for cryptocurrency services.
PayPal already offers cryptocurrency transactions in the US, Canada and the UK, and now European users will be able to work with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). The platform update includes support for PayPal USD (PYUSD), a stablecoin that the company is launching in 2023.
PayPal's expansion into the cryptosphere could impact the growth of mass adoption of digital assets in Europe, as millions of people will gain convenient access to cryptocurrency transactions through a well-known financial platform.
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