PayPal (PYPL) recently added cryptocurrency buying, selling, and holding services to its platform…
Now the payment provider is moving forward with plans to enable purchases with crypto. ‘Checkout with Crypto’, a feature which will allow users to pay merchants using their digital currency stored with PayPal, will roll out in the coming months.
We’ve already seen PYPL’s crypto-specific mentions soar higher, currently +274% YoY on a 90-day moving average. A successful rollout of ‘Checkout with Crypto’ could easily send these mentions to new heights in the coming months, as well as the company’s share price.
Following Paypal's announcement, the total Cryptocurrency market cap reached a new all-time today, nearly $1.9 trillion.