An executive at global payments giant PayPal says the company is doing its best to integrate all possible blockchain and cryptocurrencies into its services.
In an exclusive statement sent to Cointelegraph at the World Economic Forum’s annual meeting on May 23, PayPal vice president Richard Nash said that PayPal is working hard to support all possible digital services, including digital currencies and central bank digital currencies (CBDCs).
Nash pointed out that PayPal continues to expand its digital currency-related services after launching bitcoin buying, holding and selling services in the United States in 2020:
“Just walking slowly in the shield of crypto, buying or holding in certain jurisdictions. … Hope to partner with others and embrace whatever we can, whether it’s what we have today in the PayPal digital wallet Currency, private digital currency or future CBDC.”
Nash also hinted that he is a cryptocurrency holder, which fits perfectly with his position at PayPal. When asked if he held cryptocurrencies himself, the vice president replied: "I do a lot of things at PayPal, and I like to experience the service first-hand, so I think it's a natural thing."
As previously reported by Cointelegraph, PayPal CEO Dan Schulman revealed that as of November 2019, Bitcoin was his only cryptocurrency holding.
PayPal, one of the largest payment companies in the world, has entered the field of cryptocurrency and blockchain in recent years. In addition to launching Bitcoin buy and sell options in certain countries, PayPal also announced its own encrypted settlement service in March 2021, allowing merchants to accept encrypted payments. The company is also reportedly considering launching its own stablecoin, the PayPal Coin.
Cointelegraph Chinese is a blockchain news information platform, and the information provided only represents the author's personal opinion, has nothing to do with the position of the Cointelegraph Chinese platform, and does not constitute any investment and financial advice. Readers are requested to establish correct currency concepts and investment concepts, and earnestly raise risk awareness.
Miyuki
