Since last month, the name of the well-known company PayPal has become a buzzword among cryptocurrency investors. PayPal today once again gave details on their plans to dive into the crypto world.
PayPal is currently planning to launch a crypto service for its platform users worldwide. Along with the Venmo app, the giant company will explore the central bank's digital / cryptocurrency.
PayPal’s senior executives have revealed more details about their plans to aggressively enter the crypto sector next year and it will support the central bank’s cryptocurrency.
According to PayPal CEO Dan Shulman, the world is now moving fast into the digital arena. Thus PayPal wants to make rapid changes in the way it handles payments and financial services. According to Shulman, cryptocurrency will become increasingly important and popular.
Last month, PayPal announced its cryptocurrency support system and claimed the firm would set up its own cryptocurrency assets.
Users interested in the cryptocurrency service offered by PayPal digital wallet, the service will be fully opened in early 2021. It involves the purchase, ownership, and sale of several cryptocurrencies including Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Litecoin ( LTC).
