“We want to make it as open as possible, and we want to give
choice to our consumers – something that will let them pay in any way they want
to pay,” Jose Fernandez da Ponte, Paypal’s general manager of blockchain,
crypto and digital currencies, said on Wednesday at CoinDesk’s Consensus 2021
conference.
The California-based company opened its platform to digital
currencies in October, but users had not been allowed to withdraw
cryptocurrency to third-party wallets.
“They want to bring their crypto to us so they can use it in
commerce, and we want them to be able to take the crypto they acquired with us
and take it to the destination of their choice,” da Ponte said.
Da Ponte didn’t specify a timeframe, but noted that new
developments on the PayPal platform are common about every two months on
average.
Cryptocurrencies have attracted substantial funds from big
investors over the past year. The inflows triggered massive rallies in the price
of most virtual assets, pushing the global crypto market cap to $2 trillion.
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