PayPal CFO says company is unlikely to invest cash in cryptocurrencies

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'We're not going to invest corporate cash, probably, in sort of financial assets like that,' PayPal Chief Financial Officer John Rainey said in a 'Mad Money' interview.

Venmo, the mobile wallet owned by PayPal, is expected to begin offering the same services in the first half of this year. The features will also be extended to international markets.

"The types of services that we're providing, like buy now, pay later [and] crypto as an example — even offline QR code — those are the types of things that we want to continue to invest in, be it organically or even inorganically when we see opportunities in the ecosystem," he explained.that works much like layaway plans, allowing shoppers to pay for products via an installment plan with no interest or fees.

 

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Investeraren So you are telling me there is a chance? To the moooooooooooooo.....

Stay Poor

Why did elonmusk sell it?

Til this day, PayPal still owes me $3000 and they have the worst customer service ever. Thank god now we have square. Boycottpaypal

H

no one is buying your BS CNBC, sorry

Just more for Jack Dorsey to snap up

By the time crypto becomes any meaningful investment it will become highly regulated thus defeating any current advantage..

Haha... Whatever. While they look to invest and Buy low.

first innovated this technology which will soon be the ancestor of the internet payment system😂

H

They are my investing their cash. Their investing yours! They take your money to lend you bitcoin you never own.

When you hear news like this, you know some big money is coming into crypto. Once again, they want us to dump our bags, so they can get in cheaper. We Hodl-it, not Redd-it

That’s alright, as long as the facilitate my crypto I am good.

Poor choice. Buy higher. Sell everything else - stocks, bonds, gold, everything. Buy cryptocurrency bitcoin btc eth Ethereum xlm stellar litecoin ltc TRX ada Zilliqa

That's OK. Will be using HUMBL anyway

They are already a huge hodler.

You buy first then announce ...why would they say “ yeah we in the game tomorrow”

Their bad

Why would they when customers can do it for them.

It's just a matter of time. They will all eventually buy Bitcoin

RemindMe_OfThis in 6 months

Jealousy N envy is t main reason. Let it be their problem unlike Tesla owner Elon Musk earns a billion dollars from his investment in Bitcoin cryptocurrency. Sour Grapes Paypal, helping Banks give U 2/3 % interest. How stupid? Elon Musk was smart enough 2 pull his money fm banks

Why would a company buy crypto?

I remember Paypal didn’t allow buying and selling of crypto on their platform until just a year ago.

Sad!!!

Very sad... very

Financially . This type of digital account , Reloadable , semi trace able . Is good for me. But visa or master card. Then. Why Monthly fee Unless it is inactive for ninety days. Then yes. EAT IT UP.

crypto is not yet a standard. anyone can plunge its prices by dumping a large portion it.

HFSP

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PayPal is acquiring crypto security company Curv for less than $200 millionPayPal is acquiring crypto security firm Curv as part of its push into digital tokens, the company announced Monday. Wait. Crypto needs added security? 😳 The elite Sweet, everyone wants a piece of cryptocurrency. And now this is a plus because it comes with security and it's paypal.
Source: CNBC - 🏆 12. / 72 Read more »