Paypal plans integration with most cryptocurrencies and blockchains.
PayPal is one of the world’s largest payment companies to have moved into crypto and blockchain in recent years.
The payment system PayPal is working to support all possible digital services, including digital currencies and central bank digital currencies (CBDC), vice president Richard Nash said in an exclusive statement to Cointelegraph at the World Economic Forum.
«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.
As Cointelegraph previously reported, PayPal CEO Dan Schulman shared that Bitcoin is the only cryptocurrency he owns as of November 2019.
Apart from introducing BTC buy and sell options in certain countries, PayPal also announced its own crypto check-out service in March 2021 to allow crypto payments for merchants. The firm is reportedly also considering launching its own stablecoin, named PayPal Coin.
Read more information here: https://cointelegraph.com/news/wef-2022-paypal-looks-to-embrace-all-possible-crypto-and-blockchain-services