PayPal has entered the cryptocurrency market, announcing that its customers will be able to buy and sell Bitcoin and other virtual currencies using their PayPal accounts. Those virtual coins could then be used to buy things from the 26 million sellers which accept PayPal, it said. PayPal plans to roll out buying options in the US over the next few weeks, with the full rollout due early next year. Bitcoin prices rose alongside the news, breaking the $12,000 (£9,170) mark. The other cryptocurrencies to be added first will be Ethereum, Litecoin, and Bitcoin Cash (a spin-off from Bitcoin). All could be stored "directly within the PayPal digital wallet", the company said. 'Penny stocks' Cryptocurrencies have remained a niche payment method, partly down to the rapid change in prices they can experience compared with traditional state-backed currencies. That has made them popular among some types of investors. PayPal said it was aiming "to increase consumer understandin...
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