24/7 Cryptocurrency News

PayPal May Soon Accept All Forms Of Crypto Reveals Vice-President

Published by
PayPal May Soon Accept All Forms Of Crypto Reveals Vice-President

PayPal, known globally for being one of the world’s leading online payment systems, would soon accept all forms of crypto and blockchain services. This was made known by Richard Nash, the company’s vice president.

Advertisement

Nash’s Notable Revelation

Speaking today, in an exclusive statement to Cointelegraph at the World Economic Forum, Nash revealed the latest development about PayPal. According to him, the company is putting in efforts to enable the use of all digital services on the PayPal platform.

The announcement comes two years after the company had rolled out such crypto services for world’s leading cryptocurrency, Bitcoin, across the U.S. The plan would include digital currencies, as well as, central bank digital currencies (CDBC).

Critics and doubters have been shown an early red card by Nash, who suggested his personal stance and experience with cryptocurrency. A question about him holding any crypto was met by an answer that clearly hints he does despite not being definitive.

Nash is not the only leading executive with an experience in cryptocurrency though. A previous report by Cointelegraph three years earlier, revealed PayPal CEO, Dan Schulman, as a Bitcoin holder. PayPal could also launch their own Stablecoin, PayPal Coin.

Advertisement

PayPal Has Been Bullish On Crypto

PayPal’s acceptance of crypto is a huge milestone for both the company and users alike. While the use of PayPal is already popular in sorting out daily financial activities, especially by online gamblers, the prospect of a better package is mouthwatering.

The security of using the platform is a boost on check against crypto scams. PayPal had previously worked as a form of wallet for deposits and payments of goods and services. A major added benefit is the opportunity of being able to purchase top cryptocurrencies.

The introduction of cryptocurrency to the platform means cryptocurrencies can also be used as a form of payment. An increased crypto popularity has been viewed as a means of bridging the income gap in the U.S.

Speaking from a blog post on Coindesk.com, Jose Fernandez da Ponte, PayPal’s senior vice president of blockchain, crypto and digital currencies, confirmed the move to be an effect of the growing popularity of cryptocurrency.

He reveals a plan that revolves around familiarity in user experience. Ponte believes any form of success in the future hinges on proffering solutions to the present problems and opening the door to innovation.

 

Advertisement

Share
Sunil Sharma

Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on X at @sharmasunil8114 and reach out to him at sunil (at) coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Nomura Eyes to Ripple Dominance in Crypto Trading in Japan as Demand Rises

Nomura Holdings, Japan's largest brokerage and investment banking group, eyes to ripple its dominance to…

October 3, 2025
  • 24/7 Cryptocurrency News

Sharps Technology Plans $100M Buyback to Boost Solana Treasury as SSK ETF Hits Record $382M AUM

Sharps Technology has announced a $100 million stock buyback plan, suggesting further investment plans in…

October 3, 2025
  • Bitcoin News

Will Bitcoin Reverse to $115K Max Pain Price amid Crypto Options Expiry Today?

Bitcoin surges above $120K following massive capital inflows into the crypto market in response to…

October 3, 2025
  • 24/7 Cryptocurrency News

Cardano Gets 100 Million User Exposure With Brave Integration, Whales Scoop 70M ADA

Cardano announced its integration with self-custody crypto wallet Brave, which gives native cryptocurrency ADA exposure…

October 3, 2025
  • 24/7 Cryptocurrency News

Japanese Gaming Firm Gumi to Boost Treasury With BTC, XRP After $38M Raise

Japan’s gaming and blockchain leader, Gumi Inc., has revealed plans to strengthen its balance sheet…

October 3, 2025
  • Altcoin News

BNB Leads Crypto Market Rally With Fresh All-Time High, Expert Sees $5000 Upside

BNB, the native cryptocurrency of Binance, has seen a strong 8% upside, hitting a new…

October 3, 2025