PayPal is launching a new service to allow the businesses that use its platform to buy, hold and sell crypto. Although the company already allowed its PayPal and Venmo users with consumer accounts to use bitcoin and other virtual coins via its online wallets,

PayPal has announced a new feature allowing U.S. business accounts to buy, hold, sell, and transfer supported cryptocurrency such as Bitcoin, expanding its crypto offerings for merchants.

PayPal has announced that merchant accounts will also now be able to buy, hold, and sell cryptocurrencies as the digital payments platform has seen increased interest among business owners to utilize crypto.