PayPal enables transfer of digital currencies to external wallets
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....
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Users of PayPal will be able to send, receive and transfer bitcoin and other cryptocurrencies to external wallets and exchanges.
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 […]
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....
Payments giant Paypal will soon allow its users to transfer cryptocurrencies away from its platform to third-party wallets, the company’s head of cryptocurrency reportedly revealed. Paypal has been seeing tremendous growth in its crypto business. Paypal to Support Crypto Transfers to Third-Party Wallets Jose Fernandez da Ponte, Paypal’s head of cryptocurrency, said during the Consensus 2021 conference Wednesday that his company will soon start allowing cryptocurrency withdrawals to third-party wallets. He explained: We want to make it as open as possible and we want to give....
eBay CEO John Donahoe by now isn't a stranger to making comments about digital currencies. He's gone on the record before to speak about the possibilities of digital currency integration into PayPal, and he's done so yet again. PayPal, of course, is a subsidiary of eBay, and remains a top payment network on the internet. Appearing in a CNBC interview, Donahoe said: "I think there's no doubt digital currency is going to play an important role going forward, and at PayPal, we're going to have to integrate digital currencies into our wallet." Interesting remarks indeed, and the community....