Paypal plans to cooperate with most cryptocurrencies and blockchains

PayPal is constantly working to support all possible digital services, including cryptocurrencies and central bank digital currencies (CBDCs), said Vice President Richard Nash at the World Economic Forum on May 23.

Nash noted that after launching a bitcoin (BTC) buying, storing, and selling service in the United States in 2020, PayPal continues to expand its digital currency offerings. Nash also hinted that he is a cryptocurrency holder, which is fully consistent with his position at PayPal. PayPal CEO Dan Schulman also owns the company. in 2019, he said that bitcoin was the only cryptocurrency he had purchased and kept in his portfolio.

«We want to work with everyone who is on the market at all — this includes both cryptocurrencies and blockchains,» Nash summarized in his speech.

Earlier, there were rumors that Paypal was considering launching its own token, which received the working title PayPal Coin.