Paypal Creates Opportunities for Users for Transactions With Cryptocurrency

The world’s most extensive electronic payment system PayPal, will allow users to withdraw cryptocurrency.

José Fernandez da Ponte, vice president of global business development at PayPal, said that the platform is working to enable its users to use blockchain assets more effectively. In particular, the payment system will allow users to withdraw cryptocurrency to third-party wallets.

“We want to make it as open as possible, and we want to give our consumers a choice to let them pay how they want. They want to bring us their cryptocurrency to use in a trade, and we want them to be able to pick up the cryptocurrency they purchase and we send it where they want it,” Ponte said.

The platform now allows customers to buy bitcoins and other cryptocurrencies and not move assets from the site.

At the same time, the exact date of introduction of the new feature is still unknown.