PayPal plans to have withdrawals with Bitcoin and other cryptocurrencies in its program PayPal is set to add support for cryptocurrency withdrawals to third-party wallets.

Jose Fernandez da Ponte, vice president and general manager of China's blockchain and cryptocurrencies, announced the new performance at the CoinDesk Consensus 2021 conference:

"We understand that if you can move cryptocurrencies, they will be more useful. "So we're definitely looking at how we can allow users to transfer cryptocurrency to their PayPal address or vice versa."

It is not clear when PayPal users can transfer their passwords through this app.

The company first offered its cryptocurrency in October 2020, before gradually expanding it.

PayPal is also in the early stages of offering its StableCoin.