FOREX NEWS

HOMEFOREX NEWS

28-05-2021|World

PayPal to allow users to withdraw cryptocurrency to third party wallets.

The San Jose, California-based startup, which began accepting digital currencies last October, currently does not allow customers to take Bitcoin holdings off its site.

The news was initially reported by Coindesk, which cited PayPal's blockchain, crypto, and digital currency business unit leader, Jose Fernandez da Ponte, as the source. At CoinDesk's Consensus 2021 conference, Fernandez da Ponte stated, "They want to bring their crypto to us so they can utilise it in commerce, and we want them to be able to take the crypto they obtained with us and take it to the destination of their choice."

PayPal said last year that US account members will be able to purchase, sell, and store cryptocurrencies in their PayPal wallets. In the first half of 2021, PayPal expected to expand the service to its peer-to-peer payment app Venmo and a few other nations.

Other mainstream fintech companies, such as Square, a mobile payments provider, and Robinhood Markets, a stock trading app, allow users to buy and sell cryptocurrencies.

Bitcoin (price in India) surpassed $40,000 (roughly Rs. 29 lakhs) for the first time this week on Wednesday, as recent volatility in the cryptocurrency market showed no signs of abating.

Bitcoin increased by up to 6.5 percent to $40,904. (roughly Rs. 29.7 lakhs). Smaller coins, which tend to rise and fall with the largest cryptocurrency, also climbed, with Ether (price in India) rising more than 7.5 percent to more than $2,906 per coin.

Leave a Comment :


Cancel
  • We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders. We're also a community of traders that support each other on our daily trading journey.

Other Links

Learn Forex Trading

Corporate Address

  • 8210 Desoto Dr, West Chester, OH - 45069, USA
  • (513) 968-7209
  • support@drforexofficial.com
Trustpilot

Trading CFDs on leverage involves significant risk of loss to your capital.

Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. The Website should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. DrForexOfficial, will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The information on this site and the products and services offered are not intended for distribution to any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Read our full legal disclaimer.

© 2020-2024 All Right Reserved. DrForexOfficial

We will provide you latest market updates and analysis, for that you can JOIN OUR TELEGRAM CHANNEL and get daily profit and more facilities. If you want to JOIN TELEGRAM CHANNEL, click here to join.