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Cryptocurrency News Articles
Litecoin Adoption Expands with PayPal and Major Companies Embracing Crypto
Oct 04, 2024 at 02:00 pm
Using their PayPal business accounts, US Merchant may now make crypto transactions straight-forward. They can also transfer and retrieve crypto on the blockchain to outside wallets.
PayPal recently announced the expansion of its crypto services for US business accounts, allowing merchants to purchase, hold, sell, and trade Bitcoin, Ethereum, Litecoin, and PayPal's stablecoin, PayPal USD (PYUSD).
US merchants on Paypal can now be paid, hold and trade in Litecoin.
$LTC is one of the select few cryptos made available to millions of #Paypal businesses!
And you can send your Litecoin to your own wallet 🥳
pic.twitter.com/P9sNxeqL5X
— Litecoin (@litecoin) October 3, 2024
Litecoin adoption expands as major companies embrace crypto
With their PayPal business accounts, US merchants can now perform crypto transactions seamlessly. They can also transfer and withdraw crypto on the blockchain to external wallets.
Earlier, CNF reported that MoneyGram now allows its US customers to trade and hold Litecoin and several other major cryptocurrencies directly through its mobile app.
Moreover, as we covered previously, one of the world’s largest movie theater chains, AMC, is now accepting cryptocurrencies as a payment method. Speaking on the integration, AMC CEO Adam Aron revealed that they will be rolling out crypto payment options, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, across its 900-plus theaters.
Aron added that the nationwide rollout of these payment options will be completed by year-end as customers’ increasing interest in cryptocurrency continues.
Meanwhile, the Litecoin native token, LTC, is trading at around $64.32 at the time of writing, showing a 1.03% increase over the past 24 hours. Litecoin sees strong demand for the veteran token with a market cap of over $4.8 billion.
It is clear that cryptocurrencies are becoming more mainstream as more large companies, including PayPal, MoneyGram, and AMC, allow their customers to access digital currencies.
Different sectors of businesses are adopting cryptocurrencies, which shows that digital assets are no longer just a tool for speculation but an integral part of everyday transactions for both consumers and companies globally.
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