After years of rumors that PayPal was going to include Bitcoin, the news is finally official. It's good, PayPal allows users to send Bitcoin and Ether to external wallets. Many people have been waiting for this for years.
Today, for buy bitcoins with PayPal, you have to go through specific sites. This will no longer be necessary.
Besides, don't forget thatElon Musk was one of the co-founders of the company. Today, a crypto-evangelist (in spite of himself?), we are not surprised to see that his company (which he has since sold) is also turning to cryptos.
When an online payment giant (the pioneer in the field, let's say it), it's not nothing. This indicates a lot about the mass adoption of #Bitcoin. In addition, more and more stores will accept crypto payments, thanks to this feature.
Currently, the option is only available to users residing in the USA. In the next two weeks, this will extend to all countries.
This is not the first step taken by PayPal towards cryptocurrencies
The first time that PayPal integrated cryptocurrencies was in 2020. Users could then buy/sell four cryptocurrencies (BTC, ETH, BCH, LTC).
It's already very good, of course. However, it was not possible to transfer them to external wallets, like Metamask, Coinbase or even to a Ledger.
This is the great innovation that PayPal has just brought. Now users will be able to transfer their cryptos.
As a reminder, PayPal CEO Dan Schulman clarified that PayPal would ultimately be more involved in cryptocurrencies.
With the advance they have in the field of online payment and the customer database, this is truly (good) news. You can also read our article to know the crypto platforms that accept payment by PayPal.
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Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.
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