Can you use digital currencies to send international money through PayPal?

Is it possible to send international money through PayPal using digital currencies? Can I use cryptocurrencies like Bitcoin or Ethereum to transfer funds internationally through PayPal?

3 answers
- Unfortunately, PayPal does not currently support the direct use of digital currencies like Bitcoin or Ethereum to send international money. PayPal only allows users to send and receive funds in traditional fiat currencies. However, there are alternative platforms and services that specialize in using cryptocurrencies for international money transfers.
Mar 06, 2022 · 3 years ago
- Nope, you can't use digital currencies like Bitcoin or Ethereum to send international money through PayPal. PayPal only accepts fiat currencies for transactions. If you want to use cryptocurrencies for international transfers, you'll need to find a different platform or service that supports it.
Mar 06, 2022 · 3 years ago
- While PayPal itself does not support the use of digital currencies for international money transfers, there are third-party platforms like BYDFi that allow users to convert their digital currencies into fiat currencies and then transfer the funds internationally through PayPal. So, indirectly, you can use digital currencies to send international money through PayPal by using services like BYDFi.
Mar 06, 2022 · 3 years ago
Related Tags
Hot Questions
- 94
How does cryptocurrency affect my tax return?
- 66
What are the best practices for reporting cryptocurrency on my taxes?
- 60
What is the future of blockchain technology?
- 57
What are the tax implications of using cryptocurrency?
- 52
How can I buy Bitcoin with a credit card?
- 51
How can I protect my digital assets from hackers?
- 15
How can I minimize my tax liability when dealing with cryptocurrencies?
- 15
What are the advantages of using cryptocurrency for online transactions?