Cryptocurrencies are becoming increasingly important in the world of online payment. A few weeks ago, Elon Musk announced that it was indeed possible to purchase Tesla using bitcoins, and now PayPal has announced the release of payments that it had already confirmed a few months ago that it would list them.
Consequently, an option called "Checkout with Crypto" will now appear, where users can instantly convert their cryptocurrencies into dollars without additional transaction costs. If paying in a currency other than dollars, PayPal will use its own exchange rate, at which it charges a percentage.
The cryptocurrency payment function will automatically appear in the user's account if the wallet has enough PayPal balance to cover the purchase that will be made. Additionally, you will be able to see the balances of the different cryptocurrencies available, although only one can be used per transaction and you will not be able to mix the different cryptocurrencies. At the moment they have not announced how long it will take to launch in other countries.
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