PayPal enables transfer of digital currencies to external wallets
2022.06.08 00:15
PayPal enables transfer of digital currencies to external wallets
After rolling out the ability to buy and sell crypto on its platform in October 2020, PayPal (NASDAQ:PYPL) is finally allowing users the ability to natively transfer, send and receive digital assets between PayPal and other wallets and exchanges. As of Tuesday, the feature is available to select U.S. users, with the feature expanding to all eligible U.S. users in the coming weeks. The first batch of supported coins consists of Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).
In addition, customers who transfer their crypto onto PayPal can spend it via Checkout at millions of merchant terminals. The company has been granted a full Bitlicense by the New York Department of Financial Services for the conduct.
