Fintech giant PayPal Holdings Inc said on Tuesday it would allow users to send and receive cryptocurrencies from external wallets.
PayPal is finally allowing cryptocurrency holders to transfer their digital assets off its platform to other wallets and exchanges, the feature most often requested since the fintech giant’s crypto buy, sell and hold service went live in October 2020.
The move away from regimented custodial platforms towards more open systems is a trend being followed by other large fintech players to enter crypto, such as popular trading app Robinhood, which is rolling out a new crypto wallet focused on decentralized finance (DeFi) and non-fungible tokens (NFTs).
