PayPal is expanding its mobile application with fresh crypto functionalities.

Starting August 15, PayPal has introduced features in its app that let users effortlessly buy, sell, and transfer a selection of cryptocurrencies, including Ethereum, Bitcoin, Bitcoin Cash, and Litecoin.

According to the official website What's noteworthy is that users do not need any special digital keys to safeguard their funds. However, this mobile functionality will limit transfers to internal transactions, and there’s no requirement for a MetaMask account. For many beginners in the crypto world, PayPal’s user-friendly interface may bring a sense of comfort, especially considering the frequent security breaches in the Web3 space.

On a related note, the PayPal website also includes a variety of informative articles covering topics like cryptocurrency trends, market volatility, and relevant tax laws.

It’s worth noting that the mobile app Interestingly, users can start trading with a minimum balance of just $1. However, there are network fees associated with moving cryptocurrencies to and from PayPal accounts. It's worth noting that PayPal has embraced the world of cryptocurrencies for two years now, having launched the ability to buy, sell, and hold digital assets back in October 2020.

In June this year, PayPal introduced This long-anticipated feature that enables users to transfer their cryptocurrencies to external wallets and exchanges is currently available only to U.S. residents as of the time of this writing.

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