{"id":78055,"date":"2023-04-29T13:59:43","date_gmt":"2023-04-29T10:59:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78055"},"modified":"2025-09-11T02:43:46","modified_gmt":"2025-09-10T23:43:46","slug":"venmo-to-add-option-to-withdraw-cryptocurrency-to-external-wallets","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/venmo-to-add-option-to-withdraw-cryptocurrency-to-external-wallets\/","title":{"rendered":"Venmo to add option to withdraw cryptocurrency to external wallets"},"content":{"rendered":"<p>The PayPal-owned mobile payments service Venmo announced the ability to transfer digital assets between users and to withdraw to external wallets.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Dropping in to announce a new feature of ours: crypto transfers\u26a1Get started now. <a href=\\\"https:\/\/t.co\/R9QtUENfae\\\">https:\/\/t.co\/R9QtUENfae<\/a> <a href=\\\"https:\/\/t.co\/UoeEAWVhlz\\\">pic.twitter.com\/UoeEAWVhlz<\/a><\/p>\n<p>\u2014 Venmo (@Venmo) <a href=\\\"https:\/\/twitter.com\/Venmo\/status\/1652000306811613196?ref_src=twsrc%5Etfw\\\">April 28, 2023<\/a><\/p>\n<\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;Customers will be able to transfer assets, including to their PayPal account, external and exchange wallets, gaining greater flexibility in managing and moving their cryptocurrency,&#8221; the press release said.<\/p>\n<\/blockquote>\n<p>The feature is slated to launch in May 2023.<\/p>\n<p>PayPal users <a href=\"https:\/\/forklog.com\/en\/news\/paypal-adds-option-to-withdraw-bitcoin-and-other-cryptocurrencies-to-external-wallets\">got this capability<\/a> as early as June 2022. At that time the company added the option to send Bitcoin, Ethereum, Bitcoin Cash and Litecoin to external wallets.<\/p>\n<p>As a reminder, by the end of 2022 the value of PayPal customers&#8217; cryptocurrency holdings <a href=\"https:\/\/forklog.com\/en\/news\/paypal-customers-bought-604-million-in-cryptocurrency\"> totaled $604 million<\/a>. Of these, $291 million was Bitcoin, $250 million Ethereum, the remaining $63 million Bitcoin Cash and Litecoin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Venmo, the PayPal-owned mobile payments service, announced the ability to transfer digital assets between users and withdraw to external wallets.<\/p>\n","protected":false},"author":1,"featured_media":78056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[182],"class_list":["post-78055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-paypal"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=78055"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78055\/revisions"}],"predecessor-version":[{"id":78057,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78055\/revisions\/78057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/78056"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=78055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=78055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=78055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}