CEO Circle announced the first known purchase of bitcoin via the PayPal app

The payment company PayPal intends to implement support for the purchase of bitcoin for its customers in the United States in the coming weeks, but does not yet name the exact time frame. However, the new features are already available to a limited number of users.

Jeremy Aller, CEO of Circle, a USDC stablecoin company, today announced that he used the PayPal app to buy $100 worth of bitcoin. Aller accompanied the message with a screenshot:

CEO Circle did not disclose the details of the agreement with PayPal, which allowed him to make the first known purchase of bitcoin through the app.

According to the terms of service, users cannot withdraw, Deposit cryptocurrency or transfer it to third-party accounts. Commenting on this feature, which caused the disappointment of many members of the cryptocurrency community, Aller wrote: "Crawl, walk, run. They will come to this. Baby steps."

In addition to bitcoin, PayPal will support Ethereum, Litecoin, and Bitcoin Cash. Also, starting next year, customers will be able to pay with cryptocurrency at 26 million retail outlets that cooperate with the company. In addition, it is expected that in 2021, access to the offer will be provided to customers from other jurisdictions.

PayPal has an active customer base of 346 million accounts worldwide, and payments reached $222 billion in the second quarter.