PayPal says its crypto efforts producing great results

Crypto Currency Signals / Crypto Signals by FxPremiere.com .During PayPal’s Quarter 1 2021 investor update call, president and CEO, Dan Schulman said digital assets had performed strongly for the company and that he believes crypto and central bank digital currencies will be a driving force in forging “a more equitable financial system.”

CryptoCurrency Signals

“We believe the current technological underpinnings of our financial system will be substantially upgraded over the coming years,” Schulman said, adding this would help efforts to recover from the pandemic:

Crypto Telegram Signals

The firm’s shares rose by more than 5% on Wednesday, April 5 in response to the earnings update, after PayPal revealed its per-share earnings had outperformed expectations by more than 20%, coming in at $1.22 each adjusted. PayPal’s $6.03 billion in revenue also exceeded predictions by 2%.

Crypto Alerts

Total payment volume was $20 billion more than expected, finishing the quarter at $285 billion. The firm also added 14.5 million new active accounts, bringing its user base to 392 million.

Crypto Signals paid via PayPal

The firm described its adoption of digital assets as bolstering the utility for cryptocurrency by enabling “millions of merchants around the globe” to accept crypto payments.

Telegram Signals

PayPal says its crypto efforts producing great results

Subscribe to our Signals and start receiving Crypto Day Trading Signals from the very next trade! Crypto Signals News Guides with help you trade!

CryptoCurrency Signals

Get access to over 20 Crypto Signals sources of Daily via Telegram in a VIP Channel –Ethereum (ETH), BitCoin (BTC) Litecoin (LTC), Cardano (ADA), Polkadot (DOT)and many more.. Up to 11 Crypto Signals per day! We Also offer Forex Signals from our Umbrella Company FxPremiere.com