PayPal Allows Users To Transfer Crypto

PayPal which earlier enabled crypto buying on its platform has now launched a feature which allows users to transfer crypto to other PayPal wallets and external crypto wallets. Meanwhile, crypto market rises.

American financial technology service provider PayPal, which was co-founded by Elon Musk in 1999 and subsequently sold to Ebay.com, today announced that it will now enable users to transfer crypto from their account to other wallets and exchanges.

PayPal already allows users to purchase crypto on its platform and this new feature will allow it to transfer cryptos to other users’ PayPal wallets or their own external hardware-based wallets. But the network fees for external wallet transfers will be borne by customers with the internal PayPal wallet to wallet transfer being free for now, reported Techcrunch.