Global payment giant PayPal is doing its best to bring as many blockchain and cryptocurrency integrations as possible to its services, according to a senior executive at the firm.
PayPal is working hard to support as many digital services as possible, 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 (WEF) on May 23.
After rolling out its Bitcoin (BTC) buy, hold and sell service in the United States in 2020, PayPal continues to expand its offer related to digital currenciesNash noted:
“We only slowly walk on the cryptocurrency shield with purchases or holds in certain jurisdictions. […] Looking to work with others to encompass as much as we can, whether it’s the currencies we have today in PayPal digital wallets, private digital currencies, or CBDCs in the future.”
Nash also hinted that he owns cryptocurrency, which fits perfectly with his position at PayPal. When asked if he owns any cryptocurrency himself, the VP replied “I have a lot of things I’m working on at PayPal and I like to experience the services for myself, so I think it’s natural.”
As Cointelegraph previously reported, PayPal CEO Dan Schulman revealed that Bitcoin is the only cryptocurrency he owned as of November 2019.
PayPal is one of the largest payment companies in the world that has moved into cryptocurrencies and blockchain in recent years. Aside from introducing BTC buying and selling options in certain countries, PayPal also announced its own cryptocurrency checkout service in March 2021 to enable crypto payments for merchants. The company is also considering launching its own stablecoin called PayPal Coin.
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