PayPal allows transfer of Bitcoin and Ethereum to external wallets


PayPal is expanding its functionality to now allow users to better integrate cryptocurrency into their daily lives. Bitcoin and Ethereum can officially be transferred to external wallets.

The long-awaited feature creates seamless integration between crypto and everyday use and continues to perpetuate the popularity of cryptocurrency services. In an official statement from the financial giant, the company said, “Starting today, PayPal supports native transfer of cryptocurrencies between PayPal and other wallets and exchanges.” The new feature is an ongoing effort since PayPal launched its crypto offering in late 2020. Back then, users were only allowed to own, buy, sell, and hold four cryptocurrencies – Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Funds in these currencies could not be transferred to external destinations such as MetaMask, Coinbase or hardware wallets.

PayPal shows no signs of stopping its cryptocurrency efforts, believing digital currencies are the future of payment. The new cryptocurrency transfer feature will start rolling out in the US in the coming weeks.

In case you missed it, check back on WWDC 2022.


Comments are closed.