PayPal will allow users in the US to transfer cryptocurrencies.

The PayPal company announced that US and selected users can use the platform’s function to transfer and make payments to external wallets with cryptocurrencies.

Representatives of the platform highlighted that after almost two years of work, the day has come when users will be able to carry out all the operations they require with cryptocurrencies; “but always within PayPal”.

As will be remembered, in 2021 PayPal adopted cryptocurrencies as a form of payment. However, the company had not completed the development of the function that will make it easier for its clients to manage operations from the platform.

In recent years, the crypto market has experienced great growth because different investors, celebrities, and leading companies have increased their investments in the sector, becoming highly relevant in the global economy.

Simple steps to create PayPal accounts

Obtaining a PayPal account and using the platform is quite simple, following these steps:

• Enter the platform and choose the “create account” option.
• Provide personal data, through a form, to register on the platform, accept the terms of use and create the account.
• Subsequently, it is necessary to select the payment method, where you can select between the options: bank account, debit or credit card.
• Once the payment method is selected, the user must complete the information requested by PayPal, either to associate the bank account or the card, it is important to note that these data are requested only once
• After creating the account and entering the data on the platform’s website, customers will be able to buy, sell or receive money through the Internet without revealing the data they entered.
• Next, a window will appear to confirm the use of PayPal in the selected bank account and when you press “accept” the platform will issue a notice explaining the process to validate the account.
• It is important to note that if users affiliate a bank account, the platform will execute a series of transfers to the bank account and “once the statement has been verified, the user must enter the exact amount to confirm that they are the account holder.”
• In case of linking credit or debit cards to the platform, you will be able to buy immediately.
• To finish, you must press the continue button and verify the account, but for this you must wait a few days.
• In order to verify the account, the user must enter the platform, log in and select the option to confirm bank account, “Once you have clicked on the link to confirm it, the possibility of entering the amounts that PayPal has deposited will appear in your account and thus complete the account verification process.”
• Then you must select the “Submit” button and a confirmation screen will appear. When this screen is seen, the person will know that their account is verified and can start using it to buy or transfer money.

M. Rodríguez

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Source: iproup.com