PayPal Confirmed Its Customers Can Now Transfer Crypto To And From Paypal Wallets

PayPal has confirmed that its customers can now transfer crypto to and from their personal wallets, with the company stating that it will actively support native cryptocurrency transfers between PayPal and various other wallets and exchanges going forward.

The new feature was reportedly consistently ranked by users as being among the most requested enhancements to PayPal&39s cryptocurrency services, according to company representatives.

As such, users can now withdraw crypto assets to cryptocurrency addresses, hardware wallets and third-party exchanges using the new service. Furthermore, the service additionally enables users to deposit crypto into their PayPal accounts and send the digital assets to anyone of their choosing, be it friends, families, colleagues, and so on.

Right now, support is available for the following PayPal-supported assets: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC), with more expected to be listed before long. Nevertheless, many see this as a vital step towards mainstream crypto adoption and are hopeful that PayPal&39s new service will be successful.