PayPal confirms crypto interest

In a letter to the European Commission, PayPal has confirmed its long-suspected interest in cryptocurrency and distributed ledger technology.

The letter, in response to the EC public consultation on building a framework for markets in crypto-assets, confirms PayPal is "continuously monitoring and evaluating global developments in the crypto and blockchain/distributed ledger space".

The payments giant says it is particularly interested in how the technology can be used to boost financial inclusion and reduce some "pain points" in the industry.

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