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PayPal adds ability to transfer, send and receive selected crypto

PayPal has announced some changes to its platform when it comes to cryptocurrencies, with it now supporting the native transfer of cryptocurrencies between PayPal and other wallets and exchanges.

The company explains that this feature has been consistently ranked by users as one of the most requested functionalities since PayPal began offering the purchase of crypto on its platform.

Before you start looking into transferring, this feature is rolling out to selected users in the United States this week, before becoming widely available in the US in the coming weeks. Those in other regions will need to wait for PayPal to confirm its availability.

For those in the US the feature will allow, “PayPal customers the flexibility to move their crypto assets (Bitcoin, Ethereum, Bitcoin Cash, or Litecoin) into, outside of, and within our PayPal platform reflects the continuing evolution of our best-in-class platform and enables customers to interact with the broader crypto ecosystem,” says the company in a blog post.

“Customers who transfer their crypto into PayPal can extend the utility of their crypto by spending using our Checkout with Crypto product at millions of merchants,” it adds.

This latest feature is a growing set of capabilities that PayPal has been adding of late, as the company aims to get in on the crypto action, like many other mainstream financial offerings have tried to do recently.

“We’re excited to connect PayPal’s customers to other wallets, exchanges, and applications, and we will continue to roll out additional crypto features, products, and services in the months ahead. We look forward to hearing more customer and community feedback as we enhance our digital currency capabilities,” it concludes.

For a step-by-step guide on accessing these new features, head here.

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