PayPal users with Bitcoin and Ethereum held on the platform can now withdraw their holdings to external wallets. This means that PayPal buyers can finally self-custody their coins – a paramount feature for cryptocurrencies.
“The intersection between CBDC, stable coins, digital wallets, and enhanced utility of payments through cryptocurrencies is not just fascinating, but I think will redefine a lot of the financial world going forward,” said CEO Dan Schulman in a speech at Axis Tel Aviv in March.