“The cryptocurrency transaction volume on PayPal has greatly exceeded our expectations,” Schulman said at the announcement of the fourth quarter of last year. “You can pay with cryptocurrency when shopping at affiliated stores.” PayPal’s performance report also states that “a’commerce experience’ where 29 million merchants around the world can pay with cryptocurrency will begin in 2021.”
He also explained that this year it will prepare a broad roadmap centering on cryptocurrency, blockchain, and digital currency. “We are investing in large units in new cryptocurrencies, blockchains, and digital currencies,” said Schulman. “We are actively working with regulators and central banks to create a future after cash.” PayPal mentioned digital currency as a major investment field in its fourth quarter earnings report last year.
Experts predicted that the total number of PayPal members would increase by 3.87% compared to the third quarter of last year to 375 million. The total payment amount using PayPal is expected to increase by 8% QoQ to $266.8 billion. PayPal reported sales of $21.5 billion in the fourth quarter of last year.
PayPal also announced that it plans to make it possible to shop with cryptocurrency at 26 million merchants around the world through its network starting this year, as stated in its earnings release for the third quarter of last year.
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