The disclosure comes in a letter to the European Commission.
In Brief:
- The letter confirms PayPal is "continuously monitoring and evaluating global developments in the crypto and blockchain/distributed ledger space"
- It is a response to the EC public consultation on building a framework for markets in crypto-assets.
- PayPal says it is particularly interested in how the technology can be used to boost financial inclusion and reduce some "pain points" in the industry.
What does this mean?
Last month it was reported that PayPal and its Venmo unit plan to roll out direct cryptocurrency sales to its users within months. This statement could be interpreted as an acknowledgment of those reported plans.
