13 June 2022

PayPal adds tool to enable crypto-fiat transfers

Written By FinTech Alliance

PayPal adds tool to enable crypto-fiat transfers

PayPal has added a new tool to enable users to move their cryptocurrency to external wallets.

In Brief:

Customers will be able to move their cryptocurrencies from their accounts to an external wallet or exchange. 

So far, it’s available to select customers in the US. 

It will then be expanded across the US in the coming months. 

What does this mean?

PayPal has enabled customers to hold certain cryptocurrencies (Bitcoin, Ethereum and Litecoin) but they haven’t been able to move these off the platform. Now they’ll be able to do this as well as easily exchanging them with other users. 

Read more.

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