Reuters reports that PayPal is set to officially announce tomorrow that users can use their digital currencies to pay for the goods and services they need; This means that users can buy digital currencies from millions of providers of goods and services.
to the Report CoinDesk, the release of this news could have a far-reaching impact on the day-to-day use of digital currencies. PayPal announced last year that it was working on providing these services.
By making it possible to make purchases using digital currencies, PayPal users can use the digital currencies they have in their PayPal account to pay for the goods and services they need. Bitcoin, Ethereum, Bitcoin Cash and Litecoin are the currencies that users can keep in their account.
According to PayPal, how to buy with digital currencies through PayPal is such that a dollar equivalent is deducted from the user’s digital currency account when paying. Apparently this feature is currently enabled only for US users; PayPal has promised to launch its digital currency services in other countries soon.