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Global payments provider PayPal is recruiting for several cryptocurrency-related positions in its Irish offices, further highlighting the company’s ambitions in the growing digital asset market.
The Dublin-based Irish Independent, one of the country’s most popular news outlets, reported on Sunday that PayPal is looking to fill a variety of crypto-focused roles in compliance, anti-money laundering and business development for its Dublin and Dundalk offices.
Related: PayPal to launch crypto trading in UK and could adopt DeFi
PayPal launched a dedicated crypto and blockchain business unit earlier this year to support its foray into cryptocurrencies, which initially began in October 2020 by allowing customers in the United States to purchase Bitcoin (BTC) , Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC). In March of this year, the company expanded its offering by allowing U.S. customers to pay for goods and services using their digital assets. Two months later, PayPal said it would allow customers to withdraw their cryptocurrencies to third-party wallets.
Dan Schulman, CEO of PayPal, said in April that his company’s crypto activity had exceeded all expectations in its first six months of operation. The rapid adoption of digital assets like Bitcoin and Ether has coincided with a massive price spike that has pushed the global cryptocurrency market to a valuation of nearly $ 2.6 trillion. Although prices corrected sharply between May and July, crypto markets appear to have bottomed out and are on the rise again.
During PayPal’s quarterly earnings call last week, Schulman indicated that the company’s crypto trading service would be arriving in the UK in the very near future. Upgrades that would allow faster payment processing are also under development, he said.
Related: PayPal users will be able to withdraw crypto to external wallets
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