US-based PayPal said on Tuesday it will now allow users to transfer cryptocurrencies including bitcoin to external wallets, nearly two years after the fintech giant opened up its platform to digital currencies.
The feature will be available to select US users starting on Tuesday and will be rolled out to all eligible US customers in the coming months, the San Jose, California based company said.
PayPal started allowing customers to buy, sell and hold bitcoin, bitcoin cash and litecoin in October 2020. But users were not allowed to move crypto off the platforms earlier.
Since last year, the crypto market is seeing a surge in investment and blue-chip companies are doubling their crypto investments. Although, the prices of these currencies have suffered following the inflation all around.
