We re not going to invest corporate cash, probably, in sort of financial assets like that, he said in response to an inquiry from the show s host, Jim Cramer, but we want to capitalize on this growth opportunity that s in front of us.
The company has acknowledged that it believes the transition to digital forms of currencies is inevitable. In December, PayPal CEO Dan Schulman called digital wallets a natural complement to digital currencies and said the company serves 360 million digital wallets.
PayPal does have exposure to the crypto market. In October, the company announced that it would allow users to buy, hold and sell cryptocurrencies, including bitcoin, ethereum, bitcoin cash and litecoin. Users can also shop with the digital coins in PayPal s retail network.
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