Here is one advantage PayPal has in the crypto space

00:00 Speaker A

We have stated PayPal as UH Potential Leader in Crypto and Trade. If you think back a few years ago, Paypal launched its stable metal py USD, and this determined medallion UH, Blockchain so interesting and effective and desirable to develop the basic settlement, reversibility to develop UH functionality.

00:32 Speaker A

The UH is insecure in the sense that it does not require some kind of UH residential translation among exporters, and allows the UH to be very effectively from both speed and cost perspective of the cross -border movement. And so, UH Paypal, in fact PayPal’ın PY USD stable coin money significantly expanded the market value. At a point last month, it rose by 40% to the moon to the moon.

01:04 Speaker A

UH and what we see, or sorry, every year, and what we see, finds functionality with the functionality of Nausea with UH, which is translated by market value to use cases. And so this theme seems to carry it to new product categories in other coins and other block chains.

01:21 Speaker B

What is the competitive advantage of UM and UM Paypal? So, you know, not in the field of payment for a long time, frankly, but to talk to crypto is not domestic. Do you think this is an advantage or disadvantage when competing against some new players who are crypto indigenous?

01:46 Speaker A

The first thing I say is Paypal’s scale. We are considering the number of UH accounts, UH is approaching 440 million globally, many of which are tens of millions of merchants and the rest are UH users, consumer or customer. And this scale creates a network effect that creates the ability to direct partnerships with other payments, whether UH card partners or other fintechs in other markets.

02:12 Speaker A

The ability to have endpoints for this crypto theme, which we discuss in terms of delivering this value to wallets, whether in stablecoin or other crypto terms, in terms of functionality between spouses, in stablecoin or other crypto terms.