PayPal to Allow Users to Withdraw Cryptocurrency to Third Party Wallets

PayPal to Allow Users to Withdraw Cryptocurrency to Third Party Wallets
The PayPal app logo seen on a mobile phone in this illustration photo on Oct. 16, 2017. (Thomas White/Illustration/Reuters File Photo
Reuters
Updated:

PayPal Holdings Inc said on Wednesday it plans to allow users to withdraw cryptocurrency to third party wallets.

The San Jose, California-based company, which opened its platform to digital currencies last October, at present does not let users move cryptocurrency holdings off its platform.