Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Seeking Alpha 2022-06-07 16:25:47

PayPal lets users send and receive bitcoin, ether, litecoin, bitcoin cash

PayPal Holdings (NASDAQ:PYPL) stock rebounds into the green after the payment technology company announced that users can transfer cryptocurrencies between PayPal and other wallets and exchanges. The news comes after the company received a full Bitlicense from the New York Department of Financial Services, making it the first company to convert a conditional Bitlicense into a full Bitlicense, the company said. Starting Tuesday, select U.S. users can move their bitcoin (BTC-USD), ethereum (ETH-USD), bitcoin cash (BCH-USD), or litecoin (LTC-USD) "into, outside of, and within our PayPal platform," said Jose Fernandez da Ponte, PayPal's (PYPL) senior vice president and general manager of Blockchain, Crypto & Digital Currencies. The feature will be rolled out to all eligible U.S. customers in coming weeks, it said. PayPal (PYPL) stock is rising 0.2%, after spending Tuesday morning in the red. Robinhood (HOOD) rolled out its crytpo wallet to 10K customers in January.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.