PayPal Discloses Nearly $1B in Crypto Holdings per Q1 | News

An international payment giant PayPal disclosed in a recent 10-Q filing with the US Securities and Exchange Commission (SEC) it had $943 million in crypto as of March 31, 2023 (up $339 million from December 31, 2022). Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world According to the filing, PayPal stored $499 million in bitcoin (EXANTE: Bitcoin), $362 million in ether (ETH) and $82 million in “other” crypto, suggesting bitcoin cash (BCH) and litecoin (LTC). In March 2022, PayPal CEO Dan Schulman said during the Axis Tel Aviv 2022 event that cryptocurrencies and blockchain will eventually revolutionize the financial system as in the future all financial transfers will be done with CBDCs, stablecoins and cryptocurrencies. Access more than 50 of the world’s financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

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Андрей Антонов
Андрей Антонов
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