PayPal held its investor day conference today, Feb. 11, 2021, during which key figures outlined the firm's stance on crypto.
- PayPal will extend crypto services to retail investors in the UK, based on a statement from executive Darrel Esch via Twitter
- Venmo will introduce crypto services, via the same source
- PayPal may become involved in central bank digital currencies (CBDCs), based on a statement by CEO Dan Schulman via Nasdaq
- The firm is looking into smart contracts and tokenization for other digital assets, via the same source
- PayPal will not invest its own funds in cryptocurrency, based on a statement from CFO John Rainey via CNBC
PayPal initially introduced Bitcoin buying and selling for U.S. users in October 2020. Today's news reaffirms and expands on its earlier plans.