In a letter sent to the European Commission regarding the framework for cryptocurrency markets, Paypal has confirmed they are developing crypto capabilities.
"The crypto-asset industry has experienced substantial growth over the past few years," Paypal told the European Commission. "As such, Paypal is continuously monitoring and evaluating global developments in the crypto and blockchain/distributed ledger space." In the letter,
Paypal claims to have more than 300 million active accounts across the globe, with millions of new users being added every year.
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