Express

PayPal Wants More Customers to Pay Using Crypto Assets, But Not Planning to Invest in These Assets Yet

Amy Liu

Summary: PayPal Holdings Inc. is looking to expand its lucrative business of enabling customers to pay merchants with crypto assets, but the digital payments company doesn’t yet plan to invest in these assets, Chief Financial Officer John Rainey said. “It is still a highly volatile asset right now,” Mr. Rainey said, referring in general to fluctuations ...

PayPal Holdings Inc. is looking to expand its lucrative business of enabling customers to pay merchants with crypto assets, but the digital payments company doesn’t yet plan to invest in these assets, Chief Financial Officer John Rainey said.

“It is still a highly volatile asset right now,” Mr. Rainey said, referring in general to fluctuations in price of cryptocurrency assets. “But if in a couple of years, there is more stability, I would never say no”. 

By Amy Liu

Last Update:

Tags: ,,
Link: PayPal Wants More Customers to Pay Using Crypto Assets, But Not Planning to Invest in These Assets Yet   [Copy]
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 8 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 15 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 18 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 21 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 25 days ago
  • You need to login to comment.