PayPal’s crypto move wins investor support for digital currencies

In a move that is certain to rapidly expand the use of digital currencies, PayPal has opened up its service to allow users to buy, hold and sell cryptocurrency directly from their PayPal account.

For shareholders, the move makes sense in that the COVID pandemic has already pushed consumers to rely more on contactless cards and mobile-based payments. And in the first half of next year, PayPal plans to roll out its Venmo platform internationally.

On Wednesday, the PayPal saw a bump up in trading and valuation of about 2% as the market absorbed . . .

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