# PayPal Brings Crypto Custody Support to U.S. Business Accounts

*Author: Jack Inabinet*
*Published: Sep 25, 2024*
*Source: https://www.bankless.com/de/paypal-business-accounts*

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Fintech payments giant PayPal is enabling crypto support for millions of merchant accounts!

## **What’s the Scoop?**
- **Crypto Corporations:** PayPal [announced](https://newsroom.paypal-corp.com/2024-09-25-PayPal-Enables-Business-Accounts-to-Buy,-Hold-and-Sell-Cryptocurrency) Wednesday that it is extending crypto custody, swapping, and transfer functionalities – previously restricted to consumer accounts – to U.S. business accounts in every state except New York and Hawaii.
- **Latest Crypto Push:** This latest news from PayPal comes amid continued embrace of its PYUSD stablecoin, which has quickly grown to become the 6th largest stablecoin by market cap with nearly $750 million in circulating supply.

## **Bankless Take:**
Seamless crypto support through a widely adopted fintech payments platform undeniably increases the accessibility of digital assets, but only time will tell if this latest development can finally catalyze mainstream acceptance for blockchain-based payments among corporations.

> BREAKING: PayPal is launching crypto custody, swapping, and transfer functionalities for business accountsWhich mainstream corporation will be the first to accept crypto payments?— Bankless (@BanklessHQ) [September 25, 2024](https://twitter.com/BanklessHQ/status/1839027287586689167?ref_src=twsrc%5Etfw)

 
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*This article is brought to you by [Bitget](https://www.bankless.com/de/sponsor/bitget-1769543635?ref=paypal-business-accounts)*