PayPal has heard the demand from its customers for a long time and has brought support for cryptocurrencies. In this way, he explained that users can now transfer coins such as Bitcoin to other wallets and exchanges they use through their accounts.
PayPal listened to customers and brought cryptocurrency support!
PayPal announced that as of today, its users will be able to actively use blockchain, crypto and other types of digital money through their accounts. Of course, since his license application to the Banking Regulation and Supervision Agency (BDDK) was rejected in 2016, he decided to withdraw from Turkey. Therefore, we are currently unable to use this service.
Jose Fernandez da Ponte, Senior Vice President and General Manager of the company, responsible for crypto and digital money, said in a statement on the subject:
This feature has been the most requested feature from our users since we started buying crypto on our platform. If users have crypto elsewhere and want to consolidate it, they can bring it to PayPal from external addresses. They can also send crypto to anyone who is in the PayPal system.
What is a hot and cold wallet in cryptocurrency?
It is possible to store cryptocurrencies electronically. So what is the difference between these so-called cold and hot crypto wallets?
Thanks to this new feature, all users will now be able to collect their crypto money in their PayPal account. It can also be used as an investment and payment tool. Moreover, according to the company’s claim, transfers are completed in just seconds.
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