Odaily News: After launching the stablecoin PayPal USD (PYUSD), PayPal has updated its terms and conditions and introduced a cryptocurrency center that allows users to hold and interact with Bitcoin.



According to the company, this service will enable the buying and selling of cryptocurrencies. Additionally, it will facilitate the use of funds stored from cryptocurrency sales for purchasing through PayPal.



Not all PayPal users will have access to explore this new feature as the company will determine access privileges on an individual basis. To be eligible for the cryptocurrency center, PayPal users must have a "personal PayPal account and a balance account in good standing." Furthermore, PayPal will verify the necessary identity information provided by users, including name, physical address, date of birth, and taxpayer identification number. The cryptocurrency center will be directly linked to users' PayPal accounts and accessible using existing credentials upon its launch. (cointelegraph)