PayPal allowed to send cryptocurrency to other wallets

The payment system received a BitLicense from the New York City Department of Financial Services and added several new features to its wallet.

PayPal added a new feature, now users can send cryptocurrency to other users and withdraw it to third-party wallets. At the moment, the service supports 4 cryptocurrencies - Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Also, the payment system has received a full license BitLicense from the New York Financial Services Department (NYDFS).

The ability to interact with cryptocurrencies in PayPal itself became available to U.S. citizens in 2020. Publication from company CryptoDeFix. In March 2021, it became possible to use cryptocurrency as a means of payment. In the fall of last year, residents of Great Britain got access to cryptocurrency in PayPal.