Paypal now support transfer bitcoin and Ethereum to other wallets
Paypal is a financial service that allows you to send and receive money online. Paypal can be used by individuals, non-profits and businesses for buying goods and services online.
Paypal accepts billions of dollars in payments each year from people around the world. Paypal makes it easy to pay with credit cards, debit cards and bank accounts. And now you can also use PayPal to send money in more than 100 currencies worldwide.
Paypal is free for your recipients, so there's no hidden costs when you use Paypal for international or domestic payments.
When you use PayPal, your information is protected. We're committed to keeping your personal information safe. We follow industry-leading security standards to protect your account and the information you share with us.
Paypal is an online payment system and can be used globally. It is used to transfer funds electronically between persons, businesses, buyer and seller.
It was founded by paypal in the year 1998 and has now expanded with over 100 million active accounts in 193 countries.
Paypal account holders can send or receive payments in various forms including cash, checks, credit cards, debit cards, direct debit from bank accounts, money orders and mobile payments.
In addition to its original credit card payment system, Paypal offers buyer protection programs for its buyers/customers.
Paypal reported on its official blog.
We are continuing to expand the services we offer to our customers, and that means being where they are. Now you can use your PayPal account to send money to someone who has a PayPal account or is paying with their bank account, even if they don't have a PayPal account.
For example, if you're selling on eBay and have accepted PayPal as a payment method, you may receive requests from buyers with no PayPal account asking you to pay their shipping cost directly or deposit money in their bank accounts. These requests used to be declined, but now you can use the new feature to do just that.
PayPal will transfer your money as a bank transfer or PayPal balance to the recipient's bank account or other PayPal account, and you won't be charged any transaction fee.
Instead of depositing directly into the bank account of the recipient, you'll be able to send money as a bank transfer or PayPal balance. The recipient will receive an email notification with information about the money paid into their bank account (for recipients with bank accounts), along with instructions on how to transfer it back into their PayPal account (or how to use it in their PayPal wallet).
This payment method is available in US, UK and Germany.
Paypal users will now be able to enjoy the convenience of fast and secure cryptocurrency exchanges from their platform. In a recent blog post , the company shared:
"PayPal is XRP ready. Our goal is to become the preferred online payment partner for individuals, merchants, marketplaces and developers. We're expanding our services to support the use of digital currencies in a fast and secure way. We support Bitcoin, Ethereum, and PayPal, so sending money to friends or family that are using different digital currencies is simple.
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I think they are test running this, it's only available for us citizens for now. Can't wait for it to be global