Earlier this week, PayPal introduced a brand new cryptocurrency function that customers have been asking about for some time. The platform will now permit its customers to switch cryptocurrency from their accounts to different wallets and exchanges.
PayPal revealed this new function in a press release on its web site yesterday. It’s at present accessible to pick customers in america and is rolling out to all U.S. customers, aside from Hawaii, over the course of the following week.
The brand new function offers customers extra choices for dealing with the cryptocurrency they maintain of their PayPal wallets. You’ll now be capable of switch Bitcoin, Ethereum, Bitcoin Money, or Litecoin into or out of PayPal wallets.
Along with exterior transfers, customers may also switch their cryptocurrency property to different customers’ PayPal addresses.
And what’s even higher, you’ll be able to switch inside PayPal with no charges or community fees. Exterior transfers can be topic to charges relying on the blockchain and the various crypto property.
“This function has been persistently ranked by customers as one of the crucial requested enhancements since we started providing the acquisition of crypto on our platform,” reads the corporate’s launch. The platform has been operating in cryptocurrency for greater than a yr and a half now.
This needs to be an ideal new function for PayPal customers who commerce in crypto. PayPal is seemingly all-in on cryptocurrency and now its customers can do much more with the crypto they’ve saved on the platform.