Venmo-ing crypto is already here — the latest development in PayPal's nearly one-year-old service enabling on-chain transfers. It's an incremental advance in the payment giant's vision of a more cashless future, including solving what it sees as some of the roadblocks keeping crypto from playing a more significant role in payments.
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PayPal enables crypto transfers
"We want to cement the position of PayPal as this conduit between the fiat and web3 world in an integrated way," Jose Fernandez da Ponte, head of PayPal's blockchain team, tells Axios.
