PayPal will add the ability to withdraw cryptocurrencies to third-party wallets – Bits Media

Vice President and Head of Blockchain Development at PayPal Jose Fernandez da Ponte said, that the company plans to add the function of output of crypto assets to third -party wallets.

According to Jose Fernandez da Ponte (JOSE FERNANDEZ DA PONTE), The function is already in development, However, he did not specify the approximate date of its appearance. To date, PayPal payment system does not allow users to withdraw cryptocurrencies from the platform, Although since October 2020 US citizens can buy, Sell ​​and store cryptocurrencies using PayPal.

“We want, so that PayPal becomes as open as possible, Therefore, we are ready to provide our customers with the opportunity to pay in any way, How they wish. If users want to use cryptocurrencies in e -commerce, They should have the opportunity to bring them out at their discretion ", -said the vice president of PayPal.

To the question about, Is the payment giant going to launch its own stablecoin, Ponte answered, what is too early for this. However, he reported, that the company interacts with central banks, Many of which will soon begin to release their own digital currencies. Moreover, Ponte does not agree with the common opinion, that only one of the state digital currencies can take a leading position.

Besides, Ponte considers disputes about that, What will dominate the market: ordinary stablecoins or digital currencies, released by central banks. Paypal vice president is sure, that they can quite successfully "get along with each other". Central banks are focused not only on ensuring universal access to their own digital currencies, but also on financial stability.

Ponte said, that after the launch of state cryptocurrencies, PayPal will become a natural environment for their distribution among the population. However, digital currencies can also help expand access to the financial system. Recently, PayPal Director General Dan Schulman (And schulman) said, that the demand for cryptocurrency has repeatedly surpassed the expectations of the company.