Odaily Planet Daily News PayPal updated its terms and conditions after launching the stablecoin PayPal USD (PYUSD), launching a cryptocurrency center: a feature that allows users to hold Bitcoin and interact with Bitcoin.
According to the company, the service will allow the sale and purchase of cryptocurrencies. Additionally, it will facilitate purchase payments via PayPal using funds stored after cryptocurrency sales.
Not all PayPal users will be able to explore this new feature, as the company will determine their access on an individual basis. First, to be eligible to use Crypto Center, PayPal users must "have a personal PayPal account and a balance account in good standing." In addition, PayPal will verify the necessary identity information provided by the user, including name, physical address, date of birth and taxpayer identification number. When the feature rolls out, Cryptocurrency Center will be linked directly to a user's PayPal account and can be accessed using existing credentials. (cointelegraph)