PayPal aims to implement all possible blockchain and cryptocurrency integrations into its services. According to Richard Nash, vice president of the company, PayPal is doing everything possible to realize this.
Global payments giant PayPal is doing its best to implement every possible integration of blockchain and cryptocurrency into its services, according to a senior executive of the company. PayPal is working to support all possible digital services, including digital currencies and central bank digital currencies (CBDCs), Vice President Richard Nash said in an exclusive statement to Cointelegraph at the World Economic Forum on May 23.
He noted that, following the rollout of the service to buy, hold, and sell Bitcoin (BTC) in the United States in 2020, PayPal continues to expand its digital currency offering. The payment giant is committed to working with other projects to provide customers with the best service.
“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.”
In recent years, PayPal has begun to actively develop in the direction of cryptocurrencies and blockchain. The company introduced several options for buying and selling BTC in some countries, and in March 2021 announced its own crypto check-out service to allow crypto payments for merchants. The firm is also reportedly considering launching its own stablecoin called PayPal Coin.
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Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.