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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