PayPal adds new crypto services including transfers to other wallets

Payments firm PayPal has rolled out new functionalities for users of its crypto app. The changes, announced this morning, allow users to transfer crypto between PayPal and other wallets, and come in response to customer demand. Users can now send supported tokens — bitcoin, ether, bitcoin cash and litecoin — to external addresses, including those linked to exchange accounts and hardware wallets. They can also now use PayPal to send crypto to other users of the app. The move is reminiscent of the way Revolut, the neobank, expanded its own crypto offering in May of last year.