PayPal Will Allow You To Withdraw Crypto To Third-Party Wallets

The PayPal payment company launches the function of transferring cryptocurrencies between accounts, as well as withdrawing digital assets to wallets outside the company’s payment system.

According to the press service of the company, PayPal customers will be able to transfer Bitcoin, Ethereum, Bitcoin Cash and Litecoin to various addresses outside the payment system.

At the time of writing, the feature is being tested and is only available to a limited number of US users. In a few weeks, the feature will be available throughout the US.

The company has also received a New York State resident permit from the Financial Services Authority (NYDFS), BitLicense.

Earlier, PayPal Vice President Jose Fernandez da Ponte said that the company is working on launching a stablecoin backed by the US dollar.

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