PayPal embraces Web3 and cryptocurrencies further.
Starting June 7, select US users of PayPal can transfer crypto assets from their accounts to external wallets and exchanges.
Payment giant Paypal now allows users to hold and transfer various cryptocurrencies from within their Paypal crypto wallet. Users can store or transfer bitcoin, bitcoin cash, litecoin, and ether (BTC, BCH, LTC, and ETH).
As of 2022, PayPal operates in 202 markets and has 426 million active, registered accounts. The company allows customers to send, receive, and hold funds in 25 currencies worldwide.
Not a stranger to Web3 and crypto
The payment company already dipped a toe into Web3 in 2020 by letting users purchase, sell, and hold crypto. In March 2021, they launched their ‘Checkout with Crypto’ enabling native crypto payments during checkout at millions of online businesses.
While rumors persist about…