The supported currencies for the service so far are:
Speaking about this major milestone, Paypal CEO, Dan Schulman, said:
“This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your PayPal wallet.
We think it is a transitional point where cryptocurrencies move from being predominantly an asset class that you buy, hold and or sell to now becoming a legitimate funding source to make transactions in the real world at millions of merchants,”
– CEO, PayPal
To use the new feature, PayPal users will be presented with a list of payment options, and if they have enough crypto balance to cover for the transaction, the ‘CheckOut With Crypto’ option will be activated.