{"id":241842,"date":"2022-06-08T05:00:37","date_gmt":"2022-06-08T04:00:37","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=241842"},"modified":"2022-06-08T09:19:39","modified_gmt":"2022-06-08T08:19:39","slug":"paypal-adds-new-crypto-functionalities-and-allows-transfers-from-wallets-and-exchanges","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/paypal-adds-new-crypto-functionalities-and-allows-transfers-from-wallets-and-exchanges\/","title":{"rendered":"PayPal launches crypto payment, transfer functionality for US users"},"content":{"rendered":"<p>PayPal <a href=\"https:\/\/newsroom.paypal-corp.com\/2022-06-07-PayPal-Users-Can-Now-Transfer-Send-and-Receive-Bitcoin-Ethereum-Bitcoin-Cash-and-Litecoin#:~:text=We%20are%20thrilled%20to%20announce,of%20crypto%20on%20our%20platform\">started<\/a> to support the native transfer of <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin<\/a>, <a href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\">Ethereum<\/a>, <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin-cash\/\">Bitcoin Cash<\/a>, and <a href=\"https:\/\/cryptoslate.com\/coins\/litecoin\/\">Litecoin<\/a> to and from other wallers and exchanges. The new feature will be available only for users in the U.S.<\/p>\n<p>With this new feature, U.S.-based Paypal users will be able to transfer supported coins to PayPal and move from PayPal to external wallet addresses, including exchanges and hard wallets. Sending supported coins to other PayPal accounts will also be possible instantly and free of charge.<\/p>\n<p>As of June 7, a handful of select users will be able to use this new feature. After the initial test is over, the rest of the U.S. will gain access to the feature in the coming weeks.<\/p>\n<h2>Crypto payments<\/h2>\n<p>More companies have been turning to payments in crypto recently. One of the most famous ones, Elon Musk's Tesla and Space X, accepts payment in crypto. Investors speculate that Musk might also add a crypto payment feature to <a href=\"https:\/\/cryptoslate.com\/musk-buys-2-9-billion-stake-in-twitter-what-does-this-mean-for-dogecoin\/\">Twitter<\/a>.<\/p>\n<p>One of the most recent steps on the crypto payment front was taken by an online payment service provider, checkout.com, which <a href=\"https:\/\/cryptoslate.com\/checkout-com-starts-offering-merchants-24-7-settlements-via-usdc\/\">launched<\/a> its USDC integration to allow merchants to accept or make payments. As the merchants shift to crypto, they can be freed from the restrictions of business hours while issuing payments. For now, the feature only supports USDC, but the company said they'd be including more digital assets in time.<\/p>\n<p>In April 2022, American movie theater company AMC Theatres <a href=\"https:\/\/cryptoslate.com\/amc-theatres-now-accepts-dogecoin-shiba-inu\/\">announced<\/a> accepting payments in Dogecoin and Shiba Inu. The company's initial plan was also to accept Bitcoin, Ether, Litecoin, and Bitcoin Cash.<\/p>\n<p>Another significant step towards crypto payments came from the Dogecoin team when they <a href=\"https:\/\/cryptoslate.com\/how-dogecoin-could-become-the-currency-of-the-internet-according-to-robinhood-ceo\/\">set the goal<\/a> to become the &#8220;currency of the internet&#8221; via the 2022 roadmap. The team is adopting a practical approach to crypto and working to transform Dogecoin into a serious universal currency for people.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PayPal started to support the native transfer of Bitcoin, Ethereum, Bitcoin Cash, and Litecoin to and from other wallers and exchanges. The new feature will be available only for users in the U.S. With this new feature, U.S.-based Paypal users will be able to transfer supported coins to PayPal and move from PayPal to external [&hellip;]<\/p>\n","protected":false},"author":1262,"featured_media":241891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,60205,35372,60208],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PayPal launches crypto payment, transfer functionality for US users<\/title>\n<meta name=\"description\" content=\"U.S. PayPal users can now transfer, send and receive Bitcoin, Ethereum, Bitcoin Cash, and Litecoin from wallets and exchanges, pivoting to crypto payments.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/paypal-adds-new-crypto-functionalities-and-allows-transfers-from-wallets-and-exchanges\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PayPal launches crypto payment, transfer functionality for US users\" \/>\n<meta property=\"og:description\" content=\"U.S. PayPal users can now transfer, send and receive Bitcoin, Ethereum, Bitcoin Cash, and Litecoin from wallets and exchanges, pivoting to crypto payments.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/paypal-adds-new-crypto-functionalities-and-allows-transfers-from-wallets-and-exchanges\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-08T04:00:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-08T08:19:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/06\/paypal-crypto.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zeynep Geylan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zeynep Geylan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/paypal-adds-new-crypto-functionalities-and-allows-transfers-from-wallets-and-exchanges\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/paypal-adds-new-crypto-functionalities-and-allows-transfers-from-wallets-and-exchanges\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#person\",\"name\":\"Zeynep Geylan\",\"url\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"caption\":\"Zeynep Geylan\"},\"jobTitle\":\"Journalist\",\"description\":\"Zeynep is an academic who turned to crypto in 2018. 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