RaineyPayPal CFO John Rainey has said the payments firm has no plans to back cryptocurrency such as bitcoin due to its volatility. While PayPal will not support a currency that its merchants have no interest in, PayPal CFO John Rainey said it may be prepared to reconsider its stance in the future should the currency stabilise.
PayPal CFO John Rainey has said the payments firm has no plans to back cryptocurrency such as bitcoin due to its volatility. While PayPal will not support a currency that its merchants have no interest in, Rainey said it may be prepared to reconsider its stance in the future should the currency stabilise.