{"id":29191,"date":"2022-06-07T20:59:05","date_gmt":"2022-06-08T00:59:05","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=29191"},"modified":"2022-06-07T20:59:15","modified_gmt":"2022-06-08T00:59:15","slug":"paypal-allows-transfer-of-digital-assets-to-external-wallets","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/paypal-allows-transfer-of-digital-assets-to-external-wallets\/","title":{"rendered":"PayPal allows transfer of digital assets to external wallets"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\" id=\"h-paypal-is-now-allowing-customers-to-directly-transfer-send-and-receive-digital-assets-between-its-platform-and-other-wallets-and-exchanges\">PayPal is now allowing customers to directly transfer, send, and receive <a href=\"https:\/\/coinscreed.com\/staging\/paraguay-introduces-regulatory-bill-for-crypto-and-digital-assets.html\" target=\"_blank\" rel=\"noreferrer noopener\">digital assets<\/a> between its platform and other wallets and exchanges.<\/h5>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-54-1024x521.png\" alt=\"PayPal allows transfer of digital assets to external wallets\" class=\"wp-image-29197\" width=\"855\" height=\"435\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-54-1024x521.png 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-54-300x153.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-54-768x391.png 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-54-150x76.png 150w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-54-750x382.png 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-54.png 1038w\" sizes=\"(max-width: 855px) 100vw, 855px\" \/><figcaption>PayPal allows transfer of digital assets to external wallets<\/figcaption><\/figure>\n\n\n\n<p>The new Paypal service is available to a limited number of U.S. customers as of Tuesday, with the feature expanding to all qualified U.S. users in the coming weeks. Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) are the first coins to be supported (LTC).<\/p>\n\n\n\n<p>Customers who deposit cryptocurrency into PayPal can now use Checkout to spend it at millions of merchant terminals. The New York Department of Financial Services has granted the corporation a full <a href=\"https:\/\/coinscreed.com\/staging\/new-york-state-orders-bitlicensed-crypto-firms-to-pay-annual-assessment-fees.html\" target=\"_blank\" rel=\"noreferrer noopener\">Bitlicense <\/a>for the activity.<\/p>\n\n\n\n<p>To begin transferring coins, users would just need to log in to their accounts and go to the crypto portion of the app. Before the procedure, users are usually requested to perform a one-time ID verification.<\/p>\n\n\n\n<p>Transfers to receivers outside of PayPal's platform will be charged a <a href=\"https:\/\/coinscreed.com\/staging\/bitcoin-network-transactions-and-fees-increase-as-investors-de-risk.html\" target=\"_blank\" rel=\"noreferrer noopener\">network fee<\/a> depending on their blockchains, but transfers between PayPal customers will be free. Each transaction into one's PayPal account produces a new recipient address to safeguard users' anonymity with incoming transfers being free of charge.<\/p>\n\n\n\n<p>To expand its digital presence, the company is also seeking to integrate other types of<a href=\"https:\/\/www.google.com\/search?q=PayPal+allows+transfer+of+digital+assets+to+external+wallets&rlz=1C1SQJL_enNG889NG889&oq=PayPal+allows+transfer+of+digital+assets+to+external+wallets&aqs=chrome..69i57.523j0j9&sourceid=chrome&ie=UTF-8\" target=\"_blank\" rel=\"noreferrer noopener\"> cryptocurrency services<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>, such as central bank digital currencies.<\/p>\n\n\n\n<p>It's also looking towards creating its own stablecoin, nicknamed &#8220;PayPal Coin.&#8221; A developer discovered indications of a stablecoin in the source code of the company's iPhone app, which led to the revelation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PayPal is now allowing customers to directly transfer, send, and receive digital assets between its platform and other wallets and exchanges. The new Paypal service is available to a limited number of U.S. customers as of Tuesday, with the feature expanding to all qualified U.S. users in the coming weeks. Bitcoin (BTC), Ethereum (ETH), Bitcoin [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":29197,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-29191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-54.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/29191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=29191"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/29191\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/29197"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=29191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=29191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=29191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}