One of the largest online payment companies in the world, PayPal, has revealed that it owns roughly $1 billion worth of crypto on its financial statement. According to the company's balance statement, it has customer assets in litecoin (LTC), Bitcoin cash (BCH), ether (ETH) and Bitcoin (BTC).The details were made public in the SEC’s 10-Q filing, a financial performance report due every quarter that must include financial disclosures.
PayPal revealed that it holds cryptocurrencies valued at $943 million. This represents a $339 million increase from the year's end. The business keeps internal records of the crypto assets possessed by its customers, including...
About CryptoCurrencyWire (“CCW”)
CryptoCurrencyWire (“CCW”) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets, (3) enhanced press release services to ensure maximum impact, (4) social media distribution via IBN (InvestorBrandNetwork) to millions of social media followers, and (5) a full array of corporate communications solutions As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness. CCW is where news, content and information about crypto converge.
To receive instant SMS alerts, text "CRYPTO" to 844-397-5787 (U.S. Mobile Phones Only)
CryptoCurrencyNewsWire is where News, content and information converge via Crypto.
For more information, please visit https://www.CryptoCurrencyWire.com
Please see full terms of use and disclaimers on the CryptoCurrencyWire (CCW) website applicable to all content provided by CCW, wherever published or re-published: http://CCW.fm/Disclaimer
CryptoCurrencyWire (CCW)
New York, New York
www.CryptoCurrencyWire.com
212.994.9818 Office
Editor@CryptoCurrencyWire.com
CryptoCurrencyWire is part of the InvestorBrandNetwork.