PayPal to allow users to withdraw cryptocurrency to third party wallets

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

(Reuters) - PayPal Holdings Inc said on Wednesday it plans to allow users to withdraw cryptocurrency to third party wallets.

The San Jose, California-based company, which opened its platform to digital currencies last October, at present does not let users move cryptocurrency holdings off its platform.