Paypal CEO on Smart Contracts and DeFi

By building out their crypto development, support and operations teams. About a two minute read.

Comment: ok, for me the best part of this article was reading about Paypal’s plans to allow UK users to purchase crypto, support third party wallets and TRACK TAXES. Taxes are the factor so many firms offering direct debit cards miss; sure, you can load your card with Bitcoin (for example) and use it like a debit card. But capital gains or losses are your problem. Literally, if the tax authorities learn you’re not reporting gains you’ve got a problem.

We’ve talked about Paypal many times over the past year; October 21st, 2020

Paypal embraces Crypto

and things will never be the same. Initially in the US, global by Q1 2021, some 346 million customers will…

December 4th, 2020

Almost 20% of Paypal users have traded Bitcoin

since Paypal’s surprise announcement last October that users could now use their service to buy and sell Bitcoin, reportedly some…