PayPal Started Supporting Crypto Transfers To External Wallets

by in Cryptocurrency News

PayPal crypto wallets

Leading payment processing company PayPal revealed adding support for crypto transfers between PayPal, and other digital currency wallets and platforms. The company published a press release that says the new feature has been one of the most wanted possibilities by users since the team started offering crypto buying.

Related: PayPal CEO Says Crypto and DLT Will Redefine Financial System

Now, the option is available to certain US users. In the following weeks it will expand to all eligible US customers. The functionality makes it possible to move Bitcoin, Ether, Bitcoin Cash, or Litecoin into, outside of, and within PayPal.

Earlier, PayPal CEO Dan Schulman said he believes crypto and blockchain will redefine the financial system. The company started supporting transactions in BTC, BCH, Ether, and LTC in Oct, 2020. PayPal has partnered with the blockchain company Paxos, which operates the Pax Dollar (USDP) stablecoin to provide services in cryptocurrencies.