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PayPal confirms entry into the Crypto Market

Friday 17th July, 2020

Digital payments company PayPal has published a letter to the European Commission revealing that is developing crypto-asset management capabilities.

The company declared that it welcomed the Commission’s investigation on how best to integrate cryptocurrencies. Noting the growth of the global cryptocurrency market, PayPal highlighted to the Commission that the potential benefits of decentralisation, increased stability, and digital currencies in general were worth exploring.

The company also indicated that many current issues surrounding transparency and compliance could be overcome via crypto.