The PayPal app logo seen on a mobile phone in this illustrative photo dated October 16, 2017. REUTERS / Thomas White / Illustration // File Photo

PayPal Holdings Inc (PYPL.O) announced on Wednesday that it would allow users to withdraw cryptocurrency on third-party wallets.

The San Jose, California-based company that opened its digital currency platform last October is currently not allowing users to remove cryptocurrency holdings from its platform.

The news was previously reported by Coindesk, citing comments from Jose Fernandez da Ponte, who heads PayPal’s blockchain, crypto and digital currencies business. (https://bit.ly/2QT8c9M)

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