PayPal is trying its best to integrate all possible blockchain and cryptocurrency integrations onto its platform, PayPal’s vice-president Richard Nash said.
The world’s largest payment company PayPal is working to include all possible blockchain and cryptocurrency integrations into its offerings, according to an executive from the company.
PayPal is working to offer a wide range of digital services which includes digital currencies and central digital currencies at banks (CBDC) vice President Richard Nash said in an exclusive interview with Cointelegraph during the World Economic Forum on May 23.
After launching its buy hold and sell services for Bitcoin (BTC) throughout the United States in 2020, PayPal continues to expand its digital currency service, Nash noted:
“Just moving slowly through the crypto shield, making purchases or holds in some regions. […] I’m looking to collaborate with other people to embrace all that we can, whether it be the coins are available today within PayPal digital wallets as well as private digital currencies, and CBDCs in the near future.”
Nash has also suggested that he’s a cryptocurrency owner, which is in perfect alignment with his job at PayPal. When asked if he has any cryptocurrency The vice-president replied “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.”
As previously mentioned in Cointelegraph, PayPal CEO Dan Schulman stated that Bitcoin is the sole cryptocurrency he holds in November of 2019.
PayPal is among the largest companies in payments that has shifted into blockchain and crypto in the last few years. Alongside the launch of BTC buy-and-sell options in some regions, PayPal also announced its own crypto check-out option in March 2021, which will permit cryptocurrency payments to merchants. The company is contemplating the launch of its own stablecoin known as PayPal Coin.