New Staff Method, PayPal Becomes More Ambitious Towards Crypto Currency Market

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JAKARTA – Global payment service provider PayPal is currently recruiting for several cryptocurrency-related positions in its office in Ireland. This highlights the company’s ambitions in the rapidly growing digital asset market.

Dublin-based Irish Independent reported on Sunday that PayPal is seeking staff to fill various crypto-focused roles in compliance, anti-money laundering and business development for its Dublin and Dundalk offices. .

PayPal launched a dedicated crypto and blockchain business unit earlier this year to support its foray into cryptocurrencies, which initially began in October 2020 by allowing customers in the United States to purchase Bitcoin (BTC) , Ether (ETH), Bitcoin Cash (BCH) and Litecoin. (LTC).

In March of this year, the company expanded its offering by allowing U.S. customers to pay for goods and services using their digital assets. Two months later, PayPal said it would allow customers to withdraw their cryptocurrency to third-party wallets.

Dan Schulman, CEO of PayPal, said in April that his company’s crypto activity had exceeded all expectations in its first six months of operation. The rapid adoption of digital assets such as Bitcoin and Ether has coincided with a massive price spike that has propelled the global cryptocurrency market to a valuation of nearly US $ 2.6 trillion. Even though the price corrected sharply between May and July, the crypto market appears to have bottomed out and is on the rise again.

During PayPal’s quarterly earnings report last week, Schulman indicated that the company’s crypto trading service would be arriving in the UK in the near future. These upgrades for faster payment processing are also in development, Schulman said.

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