The PayPal payment service provided the ability to transfer cryptocurrencies between accounts, as well as withdraw them to third-party wallets, as described on the organization's website.

Sending Bitcoin, Ethereum, Bitcoin Cash and Litecoin to different accounts is only possible for selected US customers. Functional support for all United States customers will be available over the next month.

The companies were allowed to work with New York residents from the Financial Services Authority (NYDFS) - BitLicense.

Until recently, PayPal Vice President Richard Nash made a statement that the firm has the most authority to bring blockchain and e-money to its portfolio of services.