In competition with Square's service that allows users to buy and hold Bitcoin (BTC-USD), PayPal Holdings (PYPL) introduces a new service that enables customers to buy, hold, and sell cryptocurrency directly from their PayPal account.In addition, PayPal signals plans to increase crypto's utility by making it available as a funding source for purchases at its 26M merchants.PayPal jumps 3.7% in premarket trading. As for Bitcoin, it's continuing its big rally, up another 4.6% today $12.4K. That's the highest level in two months and closing in the strongest since early 2018. [[GBTC]] +4.7% premarket.PayPal has been granted a conditional Bitlicense by the New York State Department of Financial Services.The company is introducing the ability to buy, hold and sell select cryptocurrencies, initially featuring Bitcoin, Ethereum, Bitcoin Cash and Litecoin, directly within the PayPal digital wallet. The service will be available to PayPal accountholders in the U.S. in the coming weeks. It plans to expand the features to Venmo and
