PayPal (https://www.paypal.com/)’s CEO remarked about the payments company’s newly-unveiled crypto offering during its Q3 earnings call on Monday and highlighted how the firm intends to add more digital currencies in the future 💱
Highlighting PayPal’s work with regulators on the digital currency front, PayPal CEO Daniel Schulman (https://www.linkedin.com/in/dan-schulman) noted:
“This is just the beginning (https://cointelegraph.com/news/paypal-to-offer-crypto-payments-starting-in-2021) of the opportunities we see as we work hand-in-hand with regulators to accept new forms of digital currencies.”
Paypal followed the Crypto bandwagon not just in attept to be trendy, or to show an affection to the cryptocurrencies. They defnitenly want a slice of that pie, and taking part of transaction fees is not enough on its own.
My guess is that they might even make thier own cryptocurrency and actively promote it, to make traders and holders exchange it for their crypto.
If that is not the case — they will still profit on bottlenecking and cherrypicking coins they will be adding.
Either way, these are still positive news for the crypto economy. Exciting times!