PayPal has officially launched the ‘Checkout with Crypto' feature allowing customers based in the United States to benefit from a new way of paying for goods and services. While the service will not be immediately available throughout all main retailers, the staying power of crypto in the commercial space is already tangible. PayPal has been a good choice, too, as the e-wallet is generating some impressive trading volumes.
Customers using PayPal and who wish to make a purchase at a crypto-friendly vendor will finally have the opportunity to do so. This could translate into much lower fees and also give Bitcoin a slightly more meaningful day-to-day application.
Users who wish to pay with crypto will no longer have to jump all sorts of financial hoops and would instead be able to sort out any transaction from a trusted, regulated and dependable e-wallet.
The way Checkout with Crypto works is it allows customers to settle USD purchases in a designated crypto currency instead. PayPal essentially buys the cryptocurrencies off from customers and then converts the resulting amounts using standard exchange rates on the platform.
That facilitates the entire process and gives Bitcoin new everyday applications. Some may object that PayPal's fees aren't necessarily the best. This is true, but then again, PayPal has reached out to 375 million users globally, making it one of the most powerful, far-reaching and proven solution there is.
Apart from the United States, PayPal's crypto offer is planning to expand in the United Kingdom, giving it another worthwhile market. If you are looking to spend some cryptocurrencies in the meantime, we recommend visiting some of the casinos we trust.