PayPal unlikely to invest in crypto assets

PayPal unlikely to invest in crypto assets

PayPal unlikely to invest in crypto assets   The Chief Financial Officer (CFO) of Paypal Holdings Inc, John Rainey has revealed that Paypal is not likely to buy cryptocurrencies such as Bitcoin. Rainey said in an interview with CNBC that “we’re not going to invest corporate cash, probably, in sort of financial assets like that, but we want to capitalize on this growth opportunity that’s in front of us.” PayPal said in October it will allow U.S. customers to hold bitcoin and other virtual coins in its online wallet, and…

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