PayPal Establishes Advisory Committee, Focusing on Crypto Affairs

Major U.S. payment processor PayPal has established a blockchain, cryptocurrency, and digital currency advisory committee.

In an official Tuesday announcement, PayPal said it warmly welcomes leading experts in distributed technology, economics, and regulation to join the committee with the aim of improving current and future products and creating a more inclusive digital financial ecosystem.

At present, six top talents from various industries have joined them, including Peter Briger, Co-CEO of Fortress Investment Group, Chris Brummer, Professor of Georgetown University Law Center. All six members have related achievements in the crypto industry.

Jose Fernandez da Ponte, general manager of blockchain, cryptocurrencies, and digital currencies at PayPal said that:

“We believe it is crucial to engage with the world’s best leaders to better understand the industry’s most compelling opportunities and complex challenges.”

Paypal has been evolving remarkably in its product offerings. Previously, Blockchain.News reported that the company began offering cryptocurrency trading services to its US customers back in November 2020.

On January 10, American payments giant Paypal Holdings Inc has confirmed it is working on its own digital currency, which will take the form of a stablecoin called PayPal Coin.