The new service, Paypal, will allow anyone to make a one-time payment to people in need through the site, with an additional payment of 0.05 percent of the amount made.
The new PayPal model is the first to be rolled out by a technology company in the United States, according to Paypal CEO Chris Dixon.
The company has been working with organizations around the world to bring financial inclusion to underserved communities, including providing financial literacy training for low-income adults and youth.
Paypal’s move to accept Bitcoin comes just two weeks after the online marketplace announced it had raised $500 million in Series A funding.
The move will give the service a foothold in the world of commerce, Dixon said during a press conference on Wednesday.
The service, which launched last month, allows users to make one-off payments through PayPal through a “paypal” button on the site.
Users can then choose to pay with Bitcoin, the world’s second-most popular digital currency, or traditional credit cards, with a flat fee of 0,05 percent.
“Bitcoin is a much simpler way to pay,” Dixon said.
“People are not getting charged anything for the transaction.
You can just pay with bitcoin, and then it gets paid instantly.”
PayPal has been expanding its services to more countries and regions than ever before.
In October, it announced a partnership with Visa to bring its online payment platform to more than 30 countries.
In November, PayPal also announced plans to launch a new payment app, and it has partnered with the bank Nordea to offer credit cards with Bitcoin.
PayPal’s focus on Bitcoin is an evolution of the company’s approach to making money for its users, according the company.
In 2015, the company launched the Bitcoin ATM and a Bitcoin trading app.
In a statement, Dixon noted that PayPal is a leader in developing innovative ways to bring people together and build wealth for the world.
Payment options are flexible, so people can use them to pay for anything from groceries to a wedding ring, he said.
The new PayPal service will also include a “virtual card” option for people who do not want to use a credit card or pay with traditional currency.