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PayPal Unveils Cryptocurrencies Hub

Payments giant PayPal has launched a new feature that allows users to hold and interact with Bitcoin (BTC) and other cryptocurrencies in their accounts. The new functionality, called Cryptocurrencies Hub, will allow users to not only hold a balance in various cryptocurrencies but also engage in transactions involving these digital assets. By accessing the Cryptocurrencies Hub, PayPal users will be able to buy, sell, receive, and send cryptocurrencies. Moreover, they will have the option to utilize the proceeds from the sale of cryptocurrencies to make purchases through PayPal. Users will also be able to convert between PYUSD (PayPal's stablecoin) and other cryptocurrencies.

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