PayPal Joins The Metaverse
PayPal has hinted at continued investment in the Metaverse. José Fernandez da Ponte, blockchain manager at PayPal, said he has high hopes for blockchain technology. He said: “We will build a bridge between the fiat universe and the crypto universe. Consumers will have access to the wider Web3 network through their PayPal wallets.”
PayPal plans to develop downloadable software for trading and storing digital assets. In addition, PayPal will develop digital asset management and verification software and downloadable software as a digital asset.
In addition, on October 18, PayPal filed a trademark application related to cryptocurrencies and blockchain. The new trademark may be related to the NFT market, but some speculate that it will most likely be related to Web3 and the metaverse.
This year, PayPal introduced a new “Checkout with Cryptocurrency” feature, which allows you to pay for online purchases with cryptocurrencies.
