PayPal will launch a feature “Cryptocurrencies Hub” to some users to sell and buy Crypto

Payment giant PayPal The recently launched dollar-backed stablecoin, PayPal USD (PYUSD), has launched a feature. Cryptocurrencies Hub, which allows users to hold and interact with Bitcoin and cryptocurrencies in their PayPal account.

PayPal’s latest terms and conditions detail the prerequisites for cryptocurrency users interested in using the platform for cryptocurrencies. For purchases via PayPal using funds held after the sale of cryptocurrencies.

PayPal Cryptocurrencies Hub

However, not all PayPal users will get the new feature. Because the company will decide to use it themselves. and to be eligible for use The Cryptocurrencies Hub, on the PayPal user side, must have a “Personal PayPal Account and Balance Account.” In addition, PayPal will verify the required identity information. This includes the name, physical address, date of birth and taxpayer identification number provided by the user.

refer : cointelegraph
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