According To PayPal CEO, Paypal Crypto Super App Is Code Complete And Will Launch Soon

The Crypto Basic
Jul 29 · 2 min read

PayPal, the World Top payment provider company, has stated that its users will not need to wait longer for great crypto functionalities app coming soon.

Read: Michael Saylor “Bitcoin Is Digital Real Estate And Is Now Held By More Than 114 Million People, Making It The Most Widely Held Financial Asset In The History Of The World”

In a PayPal’s Q2 2021 investor update call, CEO Dan Schulman said that the initial version of the company’s Super App was code complete. According to the PayPal president, the company will expand its wallet (app) in the United States over the next few months.

Super app wallet will offer high yields and early access to direct deposits funds. It will also possess messaging, advanced encryption, and other features. Schulman stated that each wallet would be unique and based on advanced AI and machine learning capabilities.

The CEO of PayPal stated that PayPal is one of few payment companies that allow consumers to use cryptocurrency for funding. “We also see active cryptocurrency adoption and trading on Venmo.”

Read: Kazakhstan Expand Its Bitcoin Mining to Global Market And Enable Users To Open Bank Accounts for Cryptocurrency

According to PayPal’s Q2–2021 report, it has over 400 million active users accounts as of June 30, and $ 311 billion in payments.

PayPal announced earlier this month that it will increase the limit for crypto purchases for certain users located in the United States, from $20,000 up to $100,000

Originally published at https://thecryptobasic.com on July 29, 2021.

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