Announced last month, the crypto support went live for U.S. customers on Nov. 12, marking a new level of mainstream availability of cryptocurrency. In addition, PayPal said it will “significantly increase cryptocurrency's utility” as it will be usable for purchases at the company’s network of 26 million merchants worldwide.

A new service from PayPal allows its customers to buy, hold and sell cryptocurrency directly from their PayPal account (Photo: PayPal)