As digital payments continue to gain mainstream adoption, digital payment firms have begun to restructure their payment platforms to cater to the ever-growing number of cryptocurrency users. This is the case with the payment giant PayPal, whose CEO recently rolled out plans of integrating cryptocurrency with the payment platform while advancing user features.
In a conference call with investors, the head of PayPal Dan Schulman explained that the advancement in functionality is already in motion, highlighting how users of its Venmo app were able to receive their Stimulus check for the first time, directly from the app.
The implementation of this new feature indicates that PayPal is paying attention to customers’ needs. In line with that, Schulman added that buying, selling, and holding digital currencies will be made available on the Venmo app before the month runs out.