PayPal merchants not keen on Cryptos

Crypto Exchange Market Platform PayPal

PayPal CFO, John Rainey revealed that their company and merchants are not keen on cryptocurrencies citing their volatile nature. He mentioned in an interview with the CNBC that the volatile nature of cryptos results in contingent losses. He also affirmed, “If it is something that stabilizes in the future and is a better currency, then we will certainly support that.”

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