Payment giant PayPal says it is monitoring developments in the field of crypto assets

The payment giant PayPal announced a response letter to the European Commission in March this year, which stated that PayPal is monitoring the development of the crypto asset field and has taken “unilateral and practical steps to further develop its capabilities in this field.” I am also very interested in how to use these technologies and encrypted assets to achieve greater financial inclusion and help eliminate some of the pain points of financial services. With the continuous development of these technologies, I believe that thoughtful regulation will promote innovation and transparency can help this Industry growth and prosperity. According to previous reports from Lianwen, three sources said that PayPal and its subsidiary Venmo plan to provide cryptocurrency purchase and sale services to its 325 million users.