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PAYPAL LAUNCHES CRYPTO STABLECOIN BACKED BY US DOLLAR!Customers in the U.S. and U.S. Territories (excluding Hawaii) can transact with the following Cryptocurrencies on PayPal: PayPal USD, Bitcoin, Ethereum. Crypto, short for cryptocurrency, is a digital currency you can buy, sell, and securely hold in your PayPal account. Go at your own pace. Get started with. PayPal allows purchases, storage and transfers for four currencies: Bitcoin, Ethereum, Litecoin and Bitcoin Cash � plus its PayPal USD.