PayPal To Allow Bitcoin Off Platform

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According to the head of blockchain and cryptocurrency at PayPal, Jose Fernandez da Ponte, the online payments giant will be adding support for transfers of bitcoin off of the platform and to third-party wallets.

According to a report from Decrypt, Fernandez da Ponte made the announcement at the Consensus conference earlier today.

“We want to make it as open as possible,” he said, per the report. “We understand there is more utility to those tokens if you can move them around, so we are definitely exploring how we can let people transfer crypto to and from their PayPal addresses.”


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