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Giving PayPal users the freedom to transfer their cryptocurrency holdings—be they Bitcoin, Ethereum, Bitcoin Cash, or Litecoin—into, out of, and within our PayPal platform is a testament to the platform's ongoing development and allows users to engage with the larger cryptocurrency community. By utilizing our Checkout with Crypto solution at millions of businesses, customers who move their cryptocurrency into PayPal can increase the usefulness of their cryptocurrency.In addition, PayPal has received a full Bitlicense from the New York Department of Financial Services (NYDFS), making it the first company to do so. This shows that PayPal is committed to responsible innovation and to increasing the usability and accessibility of digital currencies in a way that fully complies with best practices and regulatory requirements.
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Leveraging our Crypto Checkout option across numerous businesses, customers can enhance the utility of their cryptocurrency when transferred to PayPal. Additionally, PayPal achieved a complete BitLicense from the New York hit news 360 Department of Financial Services (NYDFS), a pioneering accomplishment.
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