PayPal expands cryptocurrency functionality to U.S. business accounts

On September 25, 2024, PayPal expands cryptocurrency functionality to U.S. business accounts. PayPal expands buy, hold, sell, send, and receive functionality for supported crypto assets, including Bitcoin, to eligible U.S. business accounts.

PayPal extended buy, hold, sell and external-transfer functionality from consumers to eligible U.S. business accounts. Bitcoin was one supported asset within a broader multi-asset service.

It documents a concrete expansion of how people or institutions could use Bitcoin rather than a statement of future intent alone.