May 4, 2024

PayPal has added the option to withdraw Bitcoin and other cryptocurrencies to third-party wallets

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The PayPal payment company has opened the possibility of transferring cryptocurrencies between accounts, as well as their withdrawal to third-party wallets. This was reported on the company's website.

Ability to send Bitcoin, Ethereum, BitcoinCash and Litecoin to various addresses is currently available to select US users. Support for the option for all US customers will appear in the coming weeks.

PayPal has added the option to withdraw Bitcoin and other cryptocurrencies to third-party wallets

PayPal has added the option to withdraw Bitcoin and other cryptocurrencies to third-party wallets

Application interface with new options. Data: PayPal.

The company has also received a BitLicense from the Financial Services Authority (NYDFS) to work with New York State residents.

Earlier, PayPal Vice President Richard Nash said that the company is making every effort to integrate blockchain and cryptocurrencies into its services.