PayPal Plans To Make Use of Every Crypto And Blockchain Service Available

According to a senior executive at PayPal, the company is working hard to integrate all conceivable blockchain and cryptocurrency interfaces into its services.

PayPal vice president Richard Nash said in an exclusive statement  on May 23 that the company is working hard to offer all possible digital services, including digital currencies and central bank digital currency (CBDC).

PP continues to extend its digital currency-related product after launching its buy, hold, and sell service for Bitcoin (BTC) across the United States in 2020. Nash observed:

“Just walking slowly in the crypto shield with buys or holds in certain jurisdictions. […] Looking to work with others to embrace everything we can, whether it’d be the coins that we have today in PayPal digital wallets, private digital currencies or CBDCs in the future.”

Nash also implied that he is a bitcoin owner, which fits nicely with his PayPal position

“I have a lot of things that I’m working on at PayPal and I like to experience services myself so I think that’s natural.”

PayPal, one of the world’s largest payment firms, has just entered the crypto and blockchain space. In March 2021, PP unveiled its crypto check-out service to allow retailers to accept crypto payments and introduce BTC buy and sell options in specific areas. PP is also said to be considering establishing its stablecoin, PayPal Coin.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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