Advertisement
AD

Main navigation

PayPal to Allow Its Customers to Withdraw Bitcoin and Other Cryptocurrencies

Advertisement
Wed, 26/05/2021 - 18:26
PayPal to Allow Its Customers to Withdraw Bitcoin and Other Cryptocurrencies
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Payments giant PayPal is set to add support for cryptocurrency withdrawals to third-party wallets. 

Advertisement

Jose Fernandez da Ponte, VP and General Manager of the company's blockchain and cryptocurrency division, announced the new functionality during CoinDesk’s Consensus 2021 conference:   

We understand there is more utility to those tokens if you can move them around, so we are definitely exploring how we can let people transfer crypto to and from their PayPal addresses.

Related
PayPal CEO Makes First Bitcoin Purchase with New Crypto Checkout Service

It's unclear when PayPal users will finally be able able to transfer their tokens off the app.        

The company initially rolled out its cryptocurrency offering in October 2020 before gradually expanding it.  

PayPal is also in the "very early" stages of rolling out its own stablecoin. 

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD