Dan Schulman, PayPal’s CEO for almost a decade, Bitcoin, Ether, Bitcoin Cash, and Litecoin through the company’s digital wallets, and PayPal, which also owns Venmo, recently unveiled its own stablecoin.
“If you’re a large payments company, of course you’re going to do something in crypto,” Harshita Rawat, a senior research analyst at AB Bernstein, told Fortune. However, she said that PayPal’s crypto push is more about “optionality,” or bets that may or may not yield returns. “At this point, it’s not very core to the business.”
