PayPal users will be able to withdraw crypto to external wallets
Prior to Wednesday’s decision, PayPal users weren’t allowed to move their holdings off the platform. PayPal’s embrace of cryptocurrencies appears to be growing after the payments provider revealed that it will allow users to withdraw their digital assets to third-party wallets. The news, which was reported by Reuters Wednesday afternoon, comes just seven months after PayPal first enabled crypto purchases on its platform. At the time, the decision was heralded as a major milestone in mainstream recognition of digital assets. The Wednesday announcement means PayPal users will be able to send....
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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 […]
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....
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....
PayPal is reshaping the way money moves across apps, borders, and currencies with its new launch – PayPal Links. This is a new feature that lets users send or receive money through a one-time personalized link. For the first time, crypto is a part of the experience. Users can now transfer Bitcoin ($BTC), Ethereum ($ETH), PayPal USD ($PYUSD), and more, directly to PayPal, Venmo, and even some external wallets. The roll-out will begin in the US before expanding to international markets later this year. These upgrades are all a part of the PayPal World framework, which aims to connect....