{"id":310688,"date":"2021-07-29T01:55:06","date_gmt":"2021-07-28T22:55:06","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/paypals-crypto-super-app-set-to-roll-out-soon\/"},"modified":"2021-07-29T01:55:06","modified_gmt":"2021-07-28T22:55:06","slug":"paypals-crypto-super-app-set-to-roll-out-soon","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/paypals-crypto-super-app-set-to-roll-out-soon\/","title":{"rendered":"# PayPal’s crypto ‘super app’ set to roll out soon"},"content":{"rendered":"

“# PayPal’s crypto ‘super app<\/a>’ set to roll out soon <\/strong>”
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Payment provider company PayPal said its users may not have much longer to wait to have greater crypto functionality through the platform.\u00a0<\/p>\n

During PayPal\u2019s Q2 2021 investor update call today, CEO Dan Schulman said<\/a> the initial version of the company\u2019s super app wallet was \u201ccode complete.\u201d The PayPal president said the company planned for the wallet to be fully ramped in the United States in the next several months.<\/p>\n

The super app wallet will feature high yield savings, early access to direct deposit funds, messaging capability, \u201cadditional crypto capabilities,\u201d and more. Schulman said each wallet would be \u201cunique, driven by advanced AI and machine learning capabilities.\u201d<\/p>\n

PayPal reported that it had more than 400 million active user accounts as of June 30, with $311 billion in total payment volume for the second quarter of 2021. The firm also added 14.5 million new active accounts, bringing its user base to 392 million. Venmo, the PayPal-owned payments firm which launched crypto trading in April, had roughly $58 billion in total payment volume for the second quarter of 2021, with 76 million active accounts.<\/p>\n

\u201cWe\u2019re one of a few payments companies to allow consumers to use cryptocurrency as a funding source,\u201d said the PayPal CEO. \u201cWe\u2019re also seeing strong adoption and trading of crypto on Venmo.\u201d<\/p>\n

Related: <\/em><\/strong>PayPal users will be able to withdraw crypto to external wallets<\/em><\/strong><\/p>\n

Earlier this month, PayPal announced it would be increasing the limit on crypto purchases for certain users based in the United States from $20,000 to $100,000.\u00a0The payments firm initially said it would be entering the crypto space in October 2020, later allowing eligible customers to use crypto\u00a0for trading and payments.<\/p>\n