PayPal Talks up ‘Crypto Capabilities’ of New App, Calls DeFi Applications ‘Interesting’

The payments giant PayPal, that ended the second quarter with 403m active accounts, has teased a new “super app” that it says will feature “additional crypto capabilities,” claiming that the app is “code complete” and will be readied for rollout in the United States in the next few months. The claims were made during the firm’s Quarter 2 2021 investors’ call.