PayPal to Let Users Send Bitcoin Off PayPal

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PayPal to Let Users Send Bitcoin Off PayPal

This is huge and signifies equally huge PayPal's ambitions in crypto:

Speaking at Consensus on Wednesday, PayPal's head of blockchain and crypto, Jose Fernandez da Ponte said the company will be adding support for third-party wallet transfers. This means that PayPal and Venmo users will be able to send Bitcoin not only to others on those platforms, but to services like Coinbase and to outside crypto wallets like Ledger as well.

This also puts an end to the main criticism for the app, since until now its users couldn't withdraw or transfer their crypto outside PayPal.

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