PayPal made the announcement during its investor day on Thursday.
Alongside the rollout in the UK, PayPal’s crypto as a funding service will also go live in a few months, while crypto offering in Venmo will launch in the first half of 2021.
According to Jonathan Auerbach, executive vice president and chief strategy, growth, and data officer at PayPal, the performance of the new product has “exceeded” expectations. This comes as no surprise considering the mass exodus of institutions and governments into the cryptocurrency space. The prevalent narrative is that digital assets are the future. Auerbach said:
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Source: Cryptocurrency - investing.com
