Cryptonomics – PayPal’s crypto trading volume exceeded expectations
Crypto has come to stay. Once again, there is a strong signal in this regard. And again from PayPal, which was already responsible for the 2020 crypto hype. On PayPal’s Q4 2020 earnings call, CEO Dan Schulman revealed that “the volume of crypto traded on our platform greatly exceeded our expectations." PayPal will continue to invest “significantly” in its new crypto, blockchain, and digital currencies business to “help share this more inclusive future,” in which everyone and not just affluent people have access to financial services.