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Crypto May 26, 2021 6:32 PM EST

BREAKING: PayPal to let users send cryptocurrencies from PayPal to their own wallets

PayPal will allow its users to send bitcoin and other cryptocurrencies to their own wallets.

BREAKING: PayPal to let users send cryptocurrencies from PayPal to their own wallets
Roberto Wakerell-Cruz Montreal, QC

This article was published more than 1 year ago, information might not be up to date.

PayPal will allow its users to send bitcoin and other cryptocurrencies to their own wallets.

This after Jose Fernandez da Ponte, the head of blockchain and cryptocurrency at PayPal, made the announcement at a conference on Wednesday, reports Decrypt.

"We want to make it as open as possible," said. "We understand there is more utility to those tokens if you can move them around, so we are definitely exploring how we can let people transfer crypto to and from their PayPal addresses."

There is currently not a date on when this feature will be implemented.

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