Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

PayPal now allow business accounts to trade crypto

Source Cryptopolitan

Payment giant PayPal has added a new functionality to PayPal business accounts that will allow merchants in the US to buy and sell cryptocurrencies directly from their business accounts.

This comes as PayPal seeks to increase crypto’s utility by enabling the new functionality accessible to millions of merchants in the US. However, this functionality will not be available to business accounts in New York, initially.

“Since we launched the ability for PayPal and Venmo consumers to buy, sell, and hold cryptocurrency in their wallets, we have learned a lot about how they want to use their cryptocurrency,” said Jose Fernandez da Ponte, a senior VP of blockchain, cryptocurrency, and digital currencies at PayPal.

The company added it is also allowing business accounts to externally transfer cryptocurrency.

This is a developing story

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Trump vs. Harris: How to Get Ahead of the Game in the Election?TradingKey – As the 2024 U.S. election nears, the race between Donald Trump and Kamala Harris remains highly competitive. With the much-anticipated "Trump Trade" and "Harris Trade" in full swing, inve

Author Mitrade

13 hour ago

TradingKey – As the 2024 U.S. election nears, the race between Donald Trump and Kamala Harris remains highly competitive. With the much-anticipated "Trump Trade" and "Harris Trade" in full swing, inve

EUR/USD faces harsh rejection from 1.12 amid Greenback bounce EUR/USD pulled back on Wednesday, tumbling back through the 1.1200 handle and falling into familiar near-term congestion just north of 1.1100.

Author FXStreet

19 hour ago

EUR/USD pulled back on Wednesday, tumbling back through the 1.1200 handle and falling into familiar near-term congestion just north of 1.1100.

Ethereum Whales Spend $185 Million To Accumulate 70,000 ETH, Time To Buy?Ethereum has largely mirrored Bitcoin in terms of price action and has yet to break out on its own accord in the past few months. According to price data, Ethereum is up by 13% in the past seven days, outpacing Bitcoin’s increase of 5.8% in the same time frame.

Author NewsBTC

19 hour ago

Ethereum has largely mirrored Bitcoin in terms of price action and has yet to break out on its own accord in the past few months. According to price data, Ethereum is up by 13% in the past seven days, outpacing Bitcoin’s increase of 5.8% in the same time frame.

Bitcoin Dominance at Risk as Altcoin Market Cap Targets $1.5 Trillion In recent weeks, many altcoins have started to outperform Bitcoin (BTC). This has sparked speculation that the market could be inching toward the anticipated altcoin season. During this period, altcoins tend to deliver higher percentage gains compared to Bitcoin, drawing more investor interest and capital flow into these assets.

Author Beincrypto

19 hour ago

In recent weeks, many altcoins have started to outperform Bitcoin (BTC). This has sparked speculation that the market could be inching toward the anticipated altcoin season. During this period, altcoins tend to deliver higher percentage gains compared to Bitcoin, drawing more investor interest and capital flow into these assets.

USD/JPY holds below 145.00 after BoJ Minutes The USD/JPY pair edges lower to near 144.60 during the early Asian session on Thursday. The weakening of the US Dollar (USD) amid rising bets on a jumbo interest rate reduction from the US Federal Reserve (Fed) in November continues to weigh on the pair.

Author FXStreet

19 hour ago

The USD/JPY pair edges lower to near 144.60 during the early Asian session on Thursday. The weakening of the US Dollar (USD) amid rising bets on a jumbo interest rate reduction from the US Federal Reserve (Fed) in November continues to weigh on the pair.

Popular Symbols