PayPal now Allows users to Move their Cryptocurrency to other wallets

Cryptocurrency adoption is slowly becoming a reality. 

The international payment platform PayPal has announced that its users will now be able to transfer to other wallets and exchange.

Jose Fernandez da Ponte SVP and general manager of blockchain, crypto and digital currencies at PayPal said: “This feature was the most demanded from our users since we began offering the purchase of crypto on our platform.” 

“If users have crypto somewhere else and want to consolidate, they can bring it to PayPal from external addresses,” Fernandez da Ponte. 

“They can also send crypto to anyone who is in the PayPal system.” 

The payment platform sees itself as a bridge between traditional, neo bank and web3. 

“We see ourselves as a conduit between the fiat, or traditional finance, environment and the web3 environment. We are enabling connectivity to other wallets, exchanges and applications.”

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