PayPal is Working to Integrate with the Cryptocurrency Market
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May 24, 2022

Popular payments company PayPal is actively working to implement "all possible integrations" with blockchain and cryptocurrencies in its services, the company's vice president, Richard Nash, has said during the World Economic Forum in Davos.

According to him:

"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."

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The company's vice president has also hinted that he has invested in crypto assets.

"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."

In November 2020, the company started allowing its US users to buy and sell Bitcoins. In April last year, PayPal-owned mobile service Venmo launched a similar service.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

In July last year, the payments giant announced the completion of the development of a cryptocurrency wallet.

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