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PayPal will soon begin offering support for cryptocurrencies, looking to capitalize on a resurgence of interest among consumers and traders in the likes of bitcoin and ethereum. The move is the latest example of a more traditional financial services company revisiting virtual currencies this year as the coronavirus pandemic has accelerated a shift away from cash towards digital payments, both online and on the high street.
“The shift to digital forms of currencies is inevitable,” said Dan Schulman, president and chief executive of PayPal. “We are eager to work with central banks and regulators around the world to offer our support, and to meaningfully contribute to shaping the role that digital currencies will play in the future of global finance and commerce.”
https://www.ft.com/content/794a0a37-b235-466f-b66f-230b875f8951
