The PayPal payment company is making every effort to implement “all possible” integrations with blockchain and cryptocurrencies into its services. This was stated by Vice President Richard Nash during the World Economic Forum in Davos.

PayPal wants to work with others to embrace everything from digital wallets to CBDCs. @KristinaLCorner He contacted PayPal vice president Richard Nash to get an insight into the leading payment processor’s blockchain and crypto plans. #WEF22 #Davos2022 pic.twitter.com/YMvxKbkNrn

— Cointelegraph (@Cointelegraph) 23 May 2022

“We are committed to working with others [проектами]Available today in PayPal digital wallets, private digital currencies or CBDC in the future,” said Nash.

The Vice President also hinted that he is investing in crypto assets:

“I have a lot of work to do at PayPal and I enjoy using the services myself, so I think it’s natural.”

In November 2020, the company allowed US users to buy and sell bitcoin. A similar service was launched by PayPal-owned mobile service Venmo in April 2021.

In July 2021, the payments giant announced the completion of development of a cryptocurrency wallet. Later, CEO Dan Shulman promised to strengthen the development of its functionality.

Recall that in January 2022 the company announced that it was exploring the possibility of issuing its own stablecoin.

In February, PayPal created a cryptocurrency advisory board. According to Shulman’s vision, the financial system of the future will be the intersection of CBDCs, stablecoins, digital wallets and cryptocurrencies.