PYPL launched cryptocurrencies buying and selling in the U.S. and UK this year. With over 400 mln active accounts globally, California-based PayPal is one of the largest mainstream financial companies to offer consumers access to cryptocurrencies
News comes as bitcoin trades near one-month low, on course for its worst week in six months on concerns that creditors of collapsed crypto exchange Mt Gox might liquidate their payments
Bitcoin was flat at $56,903 as of 1109 GMT
PYPL down about 14% YTD, trading at lowest level since Nov 2020 after downbeat FY guidance, Pinterest buyout chatter.
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