CEO says Paypal Crypto delivered 'very good results' in the best quarter so far

Paypal CEO explained that the company's cryptocurrency business is showing "very good results". The first quarter was the best quarter recorded by Paypal and the strongest year in company history, underlined by the CEO. Paypal Sees "Very Good Results" in Crypto Studies Payment giant Paypal announced its first quarter results on Wednesday. During the company's earnings call, President and CEO Dan Schulman said his company "generated $ 6.033 billion in first quarter revenue, a record 31% and 29% growth in an FXN". He said it was the strongest year in Paypal history and that the first quarter was "the best quarter on record with record financial and operating results". He also noted that Venmo maintained its strong performance in the first quarter, with a total payment volume of $ 51.4 billion, up 63% year-on-year. The manager reiterated that the company "provides Venmo customers the ability to buy, sell and hold cryptocurrency for the quarter." "Cryptocurrencies and digital currencies issued by the central bank can play a critical role in shaping a more inclusive recovery and a fairer financial system," said Schulman. "Our leadership in all forms of digital currencies is widely embraced, allowing for numerous positive discussions with central banks, regulators and government officials around the world." It also confirmed that Paypal completed Curv's purchase last month. Schulman expressed his opinion, at this point we have had a tremendous amount of really good results with our cryptocurrency efforts. And we are excited for this. The CEO also explained that "About half of our crypto users open their apps every day." The head of Paypal continued: “Obviously, if you look at recent polls and Gen Y, about 74% expect to start using crypto somehow. in the next two years. Company profiles are growing above the plan. We will introduce something

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