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PayPal`s crypto-assets reached the $1 billion mark

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10.05.2023

Payment giant PayPal has disclosed the amount of cryptocurrency assets held by the company’s customers.

According to the quarterly report, PayPal users increased their digital assets by 56% during the first quarter of 2023. Total financial liabilities for the first quarter of 2023 were $1.2 billion, of which 77.9% were cryptocurrency assets, a 10% increase from the fourth quarter of 2022.

PayPal now has $1 billion in accounts, with $499 million of that coming from BTC, $362 million from ETH, and $82 million from BCH and LTC.