PayPal announced the launch of the a new „Checkout with Crypto“ enabling its users to pay with cryptocurrencies they hold on PayPal accounts. This means that US consumers can use their cryptocurrencies to pay at millions of global online merchants and another big step for the normalized use of digital assets in day-to-day life. While the news are undoubtedly good for widespread adoption, they come with a grain of salt for merchants. Other the Tesla, which will keep the bitcoin used to buy its cars, PayPal will convert the digital assets at the Check-Out into fiat-money and pay the merchant in USD or EUR. 

You can find PayPal’s announcement here.