PAYPAL IS TRYING ALL ITS EFFORTS TO BRING ALL POSSIBLE BLOCKCHAIN AND CRYPTO INTEGRATIONS TO ITS PLATFORM
Global payment giant PayPal is doing its best to bring all blockchain and cryptocurrency integration into its services, according to the company's chief executive.
PayPal is working hard to support all possible digital services, including digital and medium-sized digital currencies (CBDC), with Deputy President Richard Nash in a special statement to the Cointelegraph at the World Economic Forum on May 23.
After launching its Bitcoin (BTC) buy, hold and sell service across the United States by 2020, PayPal continues to expand its digital currency-related offering, Nash noted:
“Slow down crypto protection by buying or holding in certain areas. [...] We look forward to working with others to embrace everything we can, whether it be the coins we have today in PayPal digital wallets, digital secret currencies or CBDCs in the future. ”
Nash also revealed that he is the owner of the cryptocurrency, which is fully compatible with his position on PayPal. When asked if he had any crypto of his own, the VP replied "I have a lot of things I work on at PayPal and I would love to get services for myself so I think that is natural."
As previously reported by Cointelegraph, PayPal CEO Dan Schulman has revealed that Bitcoin is the only cryptocurrency he has been holding since November 2019.
PayPal is one of the largest payment companies in the world that has entered crypto and blockchain in recent years. In addition to introducing BTC buy and sell options in certain countries, PayPal also announced its crypto exit service in March 2021 to allow crypto payments to merchants. The company is reportedly considering launching its stablecoin called PayPal Coin.