PayPal’s new offering enables users to hold, trade, and buy Bitcoin and other cryptocurrencies using their wallets.
Global payment giant PayPal launched a new crypto service called Cryptocurrencies Hub, which allows a select group of users to hold, trade, receive, and purchase Bitcoin and altcoins within their PayPal accounts.
According to PayPal’s latest updates in terms and conditions, apart from crypto sale and purchase, users can convert between PYUSD and other crypto assets, and access market information and content.
The firm also noted that when you buy cryptocurrency, you are not holding digital coins or tokens. Instead, you are buying a record of ownership of those coins or tokens.
To wit,
“Any balance in your Cryptocurrencies Hub represents your ownership of the amount of each Crypto Asset shown. You will not hold the digital Crypto Assets themselves in your Crypto Asset balance.”
Additionally,…
