PayPal Exploring Crypto Transfer Options

PayPal could be finally allowing its crypto holders to withdraw their assets and send them to third-party wallets. Earlier today at CoinDesk’s Consensus 2021 virtual conference, Jose Fernandez da Ponte, PayPal’s general manager for blockchain, announced that he wants their consumers to have the opportunity to transfer cryptos from PayPal. Since introducing crypto to their platform in October 2020, PayPal users have been only able to buy, sell, and hold crypto.

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What’s The Next Big Crytpocurrency?

*Disclaimer- Your cryptocurrency transactions should be based off of your own personal analysis and/or from a professional.

Since the beginning of the pandemic, we’ve seen people across the world invest in cryptocurrency at levels we’ve never seen before. Bitcoin was valued at around $8,000 last May and has reached $58,000 in less than a year’s span. Ethereum is the next popular crypto, valued around $200 last year then increasing to over $4,000 this month. We’ve seen Dogecoin, a crypto that used to be never taken seriously, even deemed as a “meme coin”, have its value increase over 2,000% since January.

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