Paypal allows cryptocurrency transfers

PayPal has introduced new features for users of its crypto app. The changes announced this morning allow users to transfer cryptocurrency between PayPal accounts and to external wallets.

Users can now send supported tokens such as bitcoin, ether, bitcoin cash, and litecoin to external addresses, including those associated with exchange accounts and hardware wallets.

«Adding the ability to transfer, send, and receive cryptocurrencies is another step toward creating a more inclusive and efficient financial system,» said Jose Fernandes da Ponte, senior vice president and general manager of blockchain, cryptocurrencies, and digital currencies at PayPal. «We're excited to connect PayPal customers to other wallets, exchanges, and apps, and will continue to introduce exciting additional services in the coming months.»