According to records, PayPal holds crypto worth $ 1 billion in his balance sheet

Von Krypto News Österreich

Laut einer 10-Q-Einreichung bei der Securities and Exchange Commission (SEC) hielt der Online-Zahlungsriese PayPal bis zum Ende des ersten Quartals 2023 Kryptowährungen im Wert von fast 1 Milliarde US-Dollar in seiner Bilanz. Kunden-Krypto im grünen Bereich Der Einreichung, datiert für den Quartalszeitraum bis zum 31. März 2023, zeigte, dass PayPal zu diesem Zeitpunkt Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) und Litecoin (LTC) seiner Kunden im Wert von 943 Millionen US-Dollar in seiner Bilanz hielt . Keine seiner Kryptowährungen gehört jemand anderem als seinen Kunden. Das ist eine Steigerung der Krypto-Vermögenswerte der Kunden um 339 Millionen US-Dollar Vorquartal, was einem …
According to a 10-Q submission to the Securities and Exchange Commission (SEC), the online payment giant PayPal kept in its balance sheet by the end of the first quarter of 2023, worth almost $ 1 billion. Customer crypto in the green area of ​​submission, dated to the quarterly period until March 31, 2023, showed that PayPal at this time kept Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) worth 943 million US dollar in his balance sheet. None of his cryptocurrencies belong to someone other than their customers. This is an increase in the crypto assets of customers by $ 339 million before quarter, which is ... (Symbolbild/KNAT)

According to a 10-Q submission to the Securities and Exchange Commission (SEC), the online payment giant PayPal kept cryptocurrencies worth almost $ 1 billion in its balance until the end of the first quarter of 2023.

Customer crypto in the green area

The Submission dated to the quarterly period until March 31, 2023, showed that PayPal at this point Bitcoin (BTC), Ethereum (Eth), Bitcoin Cash (BCH) and Litecoin (LTC) of its customers worth $ 943 million in his balance sheet. None of his cryptocurrencies belong to someone other than their customers.

This is an increase in the crypto assets of customers by $ 339 million $ previous quarter . This is largely in line with the increase in Bitcoin by 72 % during this period, from $ 16,547 on December 31 to $ 28,478 on March 31.

The current crypto division of the company consists of BTC worth $ 499 million, $ 362 million in ETH and the remaining $ 82 million in BCH and LTC.

PayPal in his 10-Q explained that it enables customers to buy, receive, receive and maintain these cryptocurrencies and to use the proceeds from their respective sales to buy goods and services at the cash register.

"We conduct the internal recording of the crypto-assets of our customers, including the amount and type of crypto-assets that each of our customers have," said Pay

PayPal also said that up to a lifespan of $ 50,000 will protect it completely from unauthorized crypto purchases or sales as well as unauthorized crypto transfers.

crypto support from PayPal

The payment company enabled its customers withdraw crypto-assets in personal wallets in June.

Dan Schulman, CEO of PayPal, said during a web summit in 2020 that he was "optimistic about cryptocurrencies of all kinds" after he had admitted that he personal bitcoin in 2019.

In March 2022, he added that CBDCs, stablecoins and digital wallets "will redefine a large part of the financial world in the future".

PayPal co-founder Peter Thiel has shown special respect for the power of Bitcoin in the past and suspected that this could be the case undermined US dollars. However, his VC company is paid of all of his crypto stands in 2023 after 8 years of Hodling.

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