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