According to the company’s second-quarter 2021 earnings call, PayPal has done very well out of crypto trading for the period.
PayPal is also working on Open Banking integration, representatives stated, adding that it ‘will increase the ability to fully integrate it into ACH and do faster payments.’ ACH is PayPal’s Automated Clearing House, a payment service that enables merchants to electronically collect payments from customers by directly debiting their checking or saving accounts.
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