Richard Nash, Vice President of PayPal, stated that the company is working hard to support all potential digital services, including digital currencies and central bank digital currency (CBDC).
PayPal continues to extend its digital currency-related products after launching its buy, hold, and sell service for Bitcoin (BTC) across the United States in 2020.
Nash stated the following:
“In certain jurisdictions, simply strolling slowly through the crypto shield with buys or holds is sufficient. To collaborate with others to embrace anything we can, whether it’s the coins in PayPal digital wallets today, private digital currencies in the future, or CBDCs. “
Nash also implied that he is a bitcoin owner, which fits in nicely with his PayPal position. “I have a lot of things that I’m working on at PayPal and I like to try services myself, so I believe that’s natural,” the VP said when asked if he owned any bitcoin.
PayPal, payment giant, has just entered the crypto and blockchain space. In March 2021, PayPal unveiled its own crypto check-out service to allow retailers to accept crypto payments, in addition to introducing BTC buy and sell options in specific areas. PayPal is also said to be considering establishing its own stablecoin, PayPal Coin.
What do you think about PayPal’s crypto integration ambitions?
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