PayPal launches "Checkout with Crypto" services

PayPal Holdings (PYPL) +1.1% premarket, has launched Checkout with Crypto, a new feature which significantly expands the utility of cryptocurrency.Checkout with Crypto will automatically appear in the PayPal wallet for customers with cryptocurrency holdings in the U.S. and will be able to choose to check out with crypto can check out safely and easily, converting cryptocurrency holdings to fiat currency at checkout, with certainty of value and no additional transaction fees. "As the use of digital payments and digital currencies accelerates, the introduction of Checkout with Crypto continues our focus on driving mainstream adoption of cryptocurrencies, while continuing to offer PayPal customers choice and flexibility in the ways they can pay using the PayPal wallet," said Dan Schulman, president and CEO, PayPal. "Enabling cryptocurrencies to make purchases at businesses around the world is the next chapter in driving the ubiquity and mass acceptance of digital currencies."Followed by theBTC-USD jumped 2.6%, in response to Paypal's crypto checkout