PayPal Rolls Out Cryptocurrency Transfer Feature
08 June 2022 - 2:34AM
Dow Jones News
By Will Feuer
PayPal Holdings Inc. said it is rolling out a feature that will
allow users in the U.S. to transfer, send and receive Bitcoin,
Ethereum, Bitcoin Cash and Litecoin in and out of the PayPal
ecosystem.
The new feature will also let users send applicable coins to
other PayPal users with no fees or network charges, PayPal Senior
Vice President of blockchain, crypto and digital currencies Jose
Fernandez da Ponte said.
"This feature has been consistently ranked by users as one of
the most requested enhancements since we began offering the
purchase of crypto on our platform," he noted.
The company has also been granted a full Bitlicense by the New
York Department of Financial Services, he said, adding that PayPal
is the first company to convert a conditional Bitlicense into a
full Bitlicense.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
June 07, 2022 12:19 ET (16:19 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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