After nearly 2 years of opening up to cryptocurrency, the payments giant PayPal finally allows its users to transfer crypto to external wallets or exchanges. External transfers will incur a network fee, but transfers between PayPal users will be free.
“We are thrilled to announce that starting today, Paypal supports the native transfer of cryptocurrencies between Paypal and other wallets and exchanges” -the company announced
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Paypal also announced recently that it has been granted a full Bitlicense by the New York Department of Financial Services (NYDFS). The company became the first to obtain a conditional Bitlicense in October 2020 and has become now the “first company to convert a conditional Bitlicense into a full Bitlicense.”