PayPal has expanded its encryption services for US sellers, allowing them to trade directly from their business accounts. Litecoin adoption is growing as companies like MoneyGram and AMC integrate cryptocurrency payment options.
Litecoin has recently become a popular choice for PayPal as it expands its crypto services for US business accounts, allowing merchants to buy, hold, sell Bitcoin, Ethereum, Litecoin, and its stablecoin PayPal USD (PYUSD). He tweeted that it was now available for trading.
U.S. merchants on Paypal can now pay, hold, and transact with Litecoin. $LTC One of the select few cryptocurrencies available to millions of people #paypal business! You can also send Litecoin to your wallet 🥳 pic.twitter.com/P9sNxeqL5X
— Litecoin (@litecoin) October 3, 2024
Litecoin adoption expands as PayPal and major companies adopt cryptocurrency
U.S. merchants can now easily conduct cryptocurrency transactions using PayPal Business Accounts. You can also transfer and retrieve crypto on the blockchain to external wallets.
Previously, CNF reported that MoneyGram has given U.S. consumers access to trade and hold Litecoin and a number of other major cryptocurrencies through its mobile app.
Additionally, as previously mentioned, AMC, one of the world’s largest movie theater chains, welcomes cryptocurrencies as a payment method. AMC CEO Adam Aaron revealed that AMC plans to expand cryptocurrency payment options to include Bitcoin, Ethereum, Litecoin, and Bitcoin Cash at more than 900 stores.
Aaron also said that these payment options will be rolled out globally by the end of the year as customers’ interest in cryptocurrencies increases.
Meanwhile, at the time of writing, Litecoin’s native token, LTC, is trading around $64.32, up 1.03% in the past 24 hours. With a market capitalization of over $4.8 billion, Litecoin shows that demand for older tokens remains strong.
It is clear that cryptocurrencies are becoming more popular as more and more large companies, such as PayPal, MoneyGram, and AMC, are allowing digital currency users to access cryptocurrencies.
The adoption of cryptocurrencies in various business fields shows that digital assets are no longer just tools of speculation. Rather, it is a necessary element of everyday transactions for consumers and businesses.
Recommended for you:
Source link
