PayPal (NASDAQ:) finally announced that it has launched the capability to purchase and sell cryptocurrency on its platform. AllowingUsers can natively send, transfer and receive digital assets from PayPal to other exchanges or wallets. The feature was initially available for select U.S. citizens on Tuesday. It will be expanded to include all U.S. residents in the next few weeks. This is the first set of supported coins.BTC), (ETH), (BCH(LTC).

Additionally, anyone who transfers their crypto to PayPal can use the Checkout feature at any of millions merchant terminals. New York Department of Financial Services has granted the full Bitlicense to the company for its conduct.