PayPal highlights, in its latest commercial, that now you can buy, hold, and sell Bitcoin and other cryptocurrencies with PayPal.
The animated spot features a variety of characters, including a babysitter, a dog walker, , using their PayPal app to trade cryptocurrencies. The voiceover says that, if you’re interested in crypto but don’t know where to start, PayPal makes it simple to buy, hold, and sell crypto right from the app by tapping “Crypto” from the dashboard, using the money in your account. You can choose your preferred crypto and start with as little as $1, and even read useful crypto article along the way.
At the end of the commercial, the narrator declares that “Crypto for the people is here” and encourages viewers to start at their own pay.
Cryptocurrency with PayPal is only available in the US and is limited to certain states. PayPal Cash or Cash Plus account is required. The company also informs that buying and selling cryptocurrency is subject to a number of risks and may result in significant losses, and urges viewers to consider seeking advice from financial and tax advisers.
There won’t be any transaction fee until 2021. For cryptocurrency fees that will apply after December 31, 2020 , those interested can visit the PayPal website.