Bitcoin To Buy Your Next Outfit?

Just a few days after Elon Musk announced you can now buy a Tesla with Bitcoin. Popular payment processor PayPay, will now let users buy goods with their Bitcoin.

This is another big move forward for crypto enthusiasts, and a conversation stopper for those who say Bitcoin cant be used to buy anything outright.

How is this possible?

If you are shopping online and decide to checkout with PayPal, you could then use your bitcoin, ether, bitcoin cash or litecoin, to be converted into fiat currencies. Provided you have them in your PayPal wallet.

Who Can Access this?

At the moment only U.S. customers can utilize the service. In the Coming months, all of their merchants will be able to accept crypto as well.

This is the first time you can use crypto as easily as you would a credit or debit card. Also a plus for PayPal users who were recently granted the ability to buy and hold crypto in their digital wallets.

There wont be a fee to make the transaction, and only one coin can be use to fund each transaction.

Whats next?

The price of Bitcoin has almost doubled since the start of the year. As more institutions implement Bitcoin and other crypto into their functions, the rise of crypto checkouts will continue. PayPay hopes to be the forerunner of that.