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Are there any restrictions on using digital currency for friends and family payments on PayPal?

avatarcprovpoDec 25, 2021 · 3 years ago3 answers

I would like to know if there are any limitations or restrictions when it comes to using digital currency for friends and family payments on PayPal. Can I send or receive digital currency as a gift or payment through PayPal without any issues?

Are there any restrictions on using digital currency for friends and family payments on PayPal?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Yes, there are some restrictions when it comes to using digital currency for friends and family payments on PayPal. While PayPal does allow users to send and receive money, it currently does not support the direct use of digital currencies like Bitcoin or Ethereum. However, you can still use PayPal to send money to someone who has a digital currency wallet, and they can convert it to their preferred digital currency.
  • avatarDec 25, 2021 · 3 years ago
    Unfortunately, PayPal does not directly support the use of digital currency for friends and family payments. You can only send and receive traditional currencies through PayPal. If you want to use digital currency for payments, you may need to explore other options or platforms that specifically cater to digital currency transactions.
  • avatarDec 25, 2021 · 3 years ago
    As an expert from BYDFi, I can confirm that PayPal does not currently support the use of digital currency for friends and family payments. However, there are other platforms and exchanges that allow for seamless digital currency transactions. If you're looking to use digital currency for payments, I recommend exploring these alternatives.