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PayPal is expanding its cryptocurrency services with the introduction of an "off-ramp" feature in addition to its existing "on-ramp" service.
This new "off-ramp" service allows cryptocurrency wallet users in the United States to seamlessly convert their digital assets into U.S. dollars, which are then deposited into their PayPal balances. Users can utilize these funds for various financial activities, including shopping, sending money, saving, or transferring to their bank accounts or debit cards.
PayPal's move reflects the growing acceptance of cryptocurrencies within mainstream financial services, aiming to make digital assets more accessible and functional for its broad user base.
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