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PayPal Transfers to Cryptocurrency Wallets Soon Possible.

Adding the ability to transfer crypto-currency to third-party wallets becomes part of PayPal's new cryptocurrency effort.

Paypal announced the other day that it plans to enable users to withdraw their cryptocurrency holdings from its platform and move them to cryptocurrency wallets.

"By approving PayPal users transparency and the capability to move their PayPal funds around easily, more choices will appear to account holders," digital manager Jose Fernandez da Ponte said.

In spite of opening its platform to digital currencies in October, the company does not allow its users to withdraw cryptocurrencies to a third-party wallet.

"They'll bring their crypto to us to use in commerce, and we'll let them take that crypto to anywhere," da Ponte states.

The PayPal platform is upgraded about every 2 months usually, however Da Ponte did not define a timeframe.

Because last year, cryptocurrency has drawn in a substantial amount of financial investment money.

Cryptocurrency market capitalization increased to $2 trillion as the result of the inflows.

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