PayPal Intends to Use All Crypto and Blockchain Services

Paypal is doing its best to bring all possible blockchain and cryptocurrency integration to its platform, the firm's vice president Richard Nash said.

PayPal Intends to Use All Crypto and Blockchain Services

Global payment giant Paypal supports digital currencies and central bank digital currencies(CBDC), vice president Richard Nash said in an exclusive statement at the World Economic Forum on May 23. 

After rolling out its buy, hold and service for Bitcoin (BTC) across the United States in 2020, PayPal continues to expand its digital currency-related offering Nash noted

“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 hinted that he is a cryptocurrency owner, which perfectly aligns with his position at PayPal. When asked whether he holds any crypto himself. the VP answered "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 CEO Dan Schulman disclosed that Bitcoin is the only cryptocurrency he held as of November 2019 furthermore PayPal declared its crypto check-out service in March 2021 to allow crypto payments for merchants. The firm is considering launching its Stablecoin named PayPal Coin.

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