Paypal adds Crypto Wallet Transfers to try and stay relevant...

in bitcoin •  2 years ago 

Well it's about time!

In a move that should have happened years ago, Paypal finally announced the ability to transfer crypto to external wallets.

Check it out:

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(Source: https://twitter.com/WatcherGuru/status/1534196272625745923)

This is a very big deal, but probably should have happened several years ago.

This smells of a desperation move by a payments company trying to stay relevant.

That's what a 90% drop in their stock price will do to you...

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Thanks for sharing this update, I was wondering when they would do that. According to Elon, there had been no innovation since eBay bought the company in July 2002. Seriously, it's about time - almost 20 years in.

I don't understand why it took so long for them to do this. I think any large payment processor, such as PayPal and Stripe, should be doing this.