The online payment company PayPal has been offering customers the option of buying cryptocurrencies such as ethereum (ETH) and bitcoin (BTC) on the platform since last year. PayPal CEO Dan Schulman indicated last month that the demand for the cryptocurrencies on the platform had exceeded all expectations. This can also be seen in the financial figures of the company, it now appears.
Dan Schulman, in a presentation surrounding the released quarterly figures to investors, said that digital assets have done very well for the company and expects crypto and digital currencies to be an important part of “forging a fairer financial system.” Throughout Schulman’s presentation, a strong emphasis remains on the company’s recent and future plans around digital assets.
The company’s first quarterly figures exceeded all expectations. When the quarterly figures came out, the price of PayPal’s share immediately rose by 5%. PayPal’s earnings per share exceeded expectations by more than 20% and the company’s revenue, $ 6.03 billion, was more than 2% higher than expected. In addition, 14.5 million new users were added to the platform and the total trading volume was $ 20 billion higher,
Schulman also indicates that PayPal has acquired a custodian of crypto assets. This is about Curv. According to Schulman, Curv’s talented team will complement PayPal’s technology resources and accelerate the search for a new efficient, inclusive, low-cost financial infrastructure.