PayPal to expand the functionality of its crypto wallet
The company’s customers make 25% more purchases through its digital wallet app
28.04.2022 - 12:00
627
1 min
0
What’s new? PayPal plans to develop the functionality of its digital wallet. The app should play a key role in the company’s growth, PayPal CEO Dan Schulman said during a conference call. The top executive estimated that more than 50% of PayPal users have installed the crypto wallet app.
PayPal’s conference transcript
What else did Schulman add? According to PayPal, digital wallet users make 25% more purchases. More than 70% used the Buy Now, Pay Later service through the app. Also, the percentage of return of goods in the crypto wallet has dropped by 25%. Shulman stated:
“We will advance our payment leadership and continue our work on the digital wallet to make PayPal’s tools more personalized and convenient."
What had happened before? In February, PayPal announced the creation of an advisory council on cryptocurrencies and blockchain. The division will implement innovative technologies in the field of digital assets.
Dan Schulman also said that cryptocurrencies may reform the financial system. He believes that the real potential of digital assets lies in payments, not trading them.
Useful material?
Telegram 
Twitter Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Cryptocurrency rates
-
Bitcoin
$62 309
BTC
-2.87%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.07
XRP
-2.73%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.072019
DOGE
-2.1%
-
Zcash
$499.09
ZEC
-7.19%
-
Stellar XLM
$0.180732
XLM
-4.11%
-
Cardano
$0.157731
ADA
-3.6%
-
Polkadot
$3.32
DOT
+5.27%