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surprise good news for bitcoin and cryptocurrency in general
PayPal is stepping up its crypto push. Coins can now be transferred between wallets and exchanges. Plans to allow consumers to migrate their crypto holdings to third-party wallets have been in the works since 2021, according to PayPal crypto CEO Jose Fernandez da Ponte. Since the fintech giant's crypto buy, sell, and hold service went live in October 2020, cryptocurrency holders have been clamoring for the ability to transfer their digital assets off its platform to rival wallets and exchanges. Other prominent financial businesses are following the trend of moving away from regimented custodial platforms and toward more open systems, such as popular trading app Robinhood, which is launching a new crypto wallet focused on decentralized finance (DeFi) and non-fungible tokens (NFTs). Jose Fernandez da Ponte, PayPal's senior vice president of blockchain, crypto, and digital currencies, claimed plans to enable consumers move their coins to third-party wallets were in the works at C...
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