PayPal to Allow Users to Transfer Crypto Externally as It Expands Its Crypto Offering

Jun 9, 2022

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PayPal to Allow Users to Transfer Crypto Externally as It Expands Its Crypto Offering

Originally posted here.
By: Adewumi Victor

Overview

One of the world’s leading payment powerhouses, PayPal, recently announced that it would allow users to transfer crypto from their PayPal accounts to external wallets or exchanges. The company’s new offering, Crypto Push, is a response to increasing customer demand for cryptocurrency transfers.

In a press release, Jose Fernandez da Ponte, the SVP and general manager of blockchain, crypto, and digital currencies at PayPal, said,

“We are thrilled to announce that starting today, PayPal supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges. Users have consistently ranked this feature as …

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