The feature will be available to select U.S. users starting
on Tuesday and will be rolled out to all eligible U.S. customers in the coming
months, the San Jose, California-based company said.
PayPal started allowing customers to buy, sell and hold
bitcoin, ethereum, bitcoin cash and litecoin in October 2020. But users were
not allowed to move crypto holdings off its platform earlier.
Users had been requesting for the new feature since the
company permitted buying and selling of crypto, PayPal said. Shares of the
company were up 0.3% at $87.08.
Since last year, the crypto market has seen a surge of
investor interest with large venture investors, celebrities and blue-chip
companies doubling down on crypto investments.
However, the prices of such currencies have remained volatile, dimming their appeal as a hedge against inflation.
.jpeg)
0 comments:
Post a Comment