PayPal adds option to withdraw Bitcoin and other cryptocurrencies to external wallets

PayPal, the payments company, has opened the ability to transfer cryptocurrency between accounts, as well as to withdraw them to external wallets. This was announced on the company’s site.

The ability to send Bitcoin, Ethereum, Bitcoin Cash and Litecoin to various addresses is currently available to a select group of US users. Support for the option for all American customers will appear in the coming weeks.

The company has also received approval to operate with residents of New York State from the Department of Financial Services (NYDFS) — BitLicense.

Earlier, PayPal vice president Richard Nash stated that the company is making every effort to integrate blockchain and cryptocurrencies into its services.

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