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PayPal Extending Crypto Transfers to More Than 60 Million Venmo Customers

Nearly a year after PayPal allowed users to transfer crypto between its platform and other wallets, the company is set to roll out a similar feature for its more than 60 million Venmo customers located in the United States.

“Customers will also be able to transfer to a PayPal account and to external wallets and exchanges,” the company said in a statement. External wallets include PayPal customers.

In June of last year, PayPal began allowing users to send supported tokens like bitcoin, ether, bitcoin cash and litecoin to external wallets. The move to open the service to tens of millions of Venmo customers starting next month comes at a time when the crypto industry as whole is being confronted with intense scrutiny in the U.S.

(by RT Watson)

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