[Delio] PayPal Now Allows Users to Transfer Crypto to the Third-Party Wallets
The fintech giant PayPal Holdings, Inc. announced on Tuesday that it will now allow users to transfer cryptocurrencies such as Bitcoin to external wallets and exchanges, nearly two years after opening its platform for digital currencies, Reuters reported on June 8.

Starting on Tuesday, selected U.S. users will be able to utilize the function, and it will be rolled out to all eligible users in upcoming months, according to the San Jose.
PayPal started enabling customers to buy, sell, and hold Ethereum, Bitcoin, Bitcoin cash, and Litecoin in October 2020. However, users were not allowed to withdraw their digital assets from the platform. The company stated that users have been requesting the new feature since PayPal permitted the cryptocurrency services.
Over the last year, the crypto market has been showing an increase in investor interest from celebrities, large venture investors, and blue-chip companies.
Source: REUTERS
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