PayPal, the leading online payment platform, has recently introduced a new feature called Cryptocurrencies Hub.
This feature enables users to store and use Bitcoin and other digital currencies in their PayPal accounts. PayPal has also launched its own stablecoin, PayPal USD (PYUSD), which is backed by the US dollar.
PayPal has updated its terms and conditions to explain the requirements for users who want to use its platform for digital currencies.
The company offers a service called Cryptocurrencies Hub, which lets users buy and sell crypto on PayPal.
Users can also pay for their purchases on PayPal with the funds they get from selling their crypto.
Another important function of the Cryptocurrencies Hub is to enable the conversion of PYUSD to other digital currencies and vice versa.