In the last couple of earnings calls, PayPal CEO Dan Schulman has been very bullish on the progress of PayPal with cryptocurrencies. In yesterday’s call, he outlined some new cryptocurrency features but spent most of the time talking about central bank digital currencies (CBDCs).
He noted the importance of wallets for CBDCs and the new low cost payment infrastructure that will be built around them. And ultimately, PayPal is one of the world’s largest wallet providers.
Last year PayPal enabled U.S. customers to buy cryptocurrencies. In late March, it enabled users to spend their cryptocurrencies, so-called ‘buy with crypto’. He mentioned they are rolling out the service in the UK.
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