Why PayPal Will Finally Let You Send Crypto To External Wallets
Payment processor PayPal will allow users to transfer their crypto to external wallets and exchanges, according to a statement from Jose Fernandez da Ponte, Senior Vice President at the company. The new feature was highly demanded by the users, the executive confirmed. Related Reading | Crypto Market Downtrend Resumes, Here’s What Ethereum Whales Are Buying Per […]
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Users of PayPal will be able to send, receive and transfer bitcoin and other cryptocurrencies to external wallets and exchanges.
Paypal has begun letting users transfer cryptocurrencies between its platform and other wallets and exchanges. “This feature has been consistently ranked by users as one of the most requested enhancements since we began offering the purchase of crypto on our platform,” Paypal revealed.
Paypal Now Supports External Wallet Transfers
Payments giant Paypal finally allows users to transfer cryptocurrencies in and out of its platform. The company announced Tuesday:
We are thrilled to announce that starting today, Paypal supports the native transfer of....
The move comes after nearly two years since PayPal enabled users to buy and sell crypto on its platform. After rolling out the ability to buy and sell crypto on its platform in October 2020, PayPal 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....
Payment company Ripple announced a partnership with Lunu to enable crypto payments across luxury brand retailers. The partnership will allow users to use Ripple’s Liquidity Hub to pay for in-store and online store items, a press release claims. Related Reading | Why PayPal Will Finally Let You Send Crypto To External Wallets Founded in 2018, Lunu […]
This is a message to Paypal. Instead of embracing Bitcoin, PayPal could create their own payment processing system using the source code used to create Bitcoin. The idea of wallets, fast confirmations of transactions, anonymity of the users will be preserved. Instead of a coin payment to the miners, offer to pay them in dollars. Utilizing Bitcoin as the beta-test; we can see that miners are willing to mine for payment. This mining process eliminates most of the fixed costs Paypal has with its existing business model. The minimization of costs will allow for micro transactions to be....