May 23, 2024

PayPal now allows you to transfer cryptocurrencies to external wallets

PayPal will now allow users to transfer cryptocurrencies, including Bitcoin, to external wallets, afteralmost two years after the fintech giant opened its digital currency platform.

The feature will be available to select US users starting today and will be rolled out to all US customers in the coming months, the company said.

PayPal began to allow customers to buy,sell and store bitcoin, ethereum, bitcoin and litecoin in October 2020. But previously, users were not allowed to move crypto assets from its platform.

The fact is that users requested a new feature, since the company allowed buying and selling cryptocurrency.