PayPal Will Let Customers Withdraw Crypto, Exec Says

PayPal Will Let Customers Withdraw Crypto, Exec Says

Internet payments firm PayPal will let users withdraw cryptocurrency to third-party wallets, its blockchain lead said Wednesday.

Speaking at CoinDesk’s Consensus 2021 conference, Jose Fernandez da Ponte told moderator Jeff John Roberts that a withdrawal function is in the works. At present, PayPal does not let users move cryptocurrency holdings off-platform.

The company ships new developments every two months on average, he said, though it’s unclear when the withdrawal functionality is coming.

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