PayPal now supports cryptocurrency in its mobile app

PayPal has added the ability to buy, sell and transfer cryptocurrencies through its mobile app. The company announced this in a tweet.

What does this mean?

The service now supports BTC, Ethereum, Litecoin and Bitcoin Cash. The minimum transaction amount is $1. Domestic and international transfers are available to users of the app, as well as the ability to pay with digital currencies for purchases at PayPal online stores. The company's app provides access to educational content about cryptocurrencies by placing a separate section about it on its website. For residents of some countries the app offers automatic filling of the tax form.