PayPal CFO Says Company Is Unlikely to Invest Cash in Cryptocurrencies

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By Victor in Business
Updated 3 years ago

After Tesla announced it would invest $1.5 billion in bitcoin, PayPal is the latest company to say it will not invest cash in cryptocurrencies. "We're not going to invest corporate cash, probably, in sort of financial assets like that, but we want to capitalize on this growth opportunity that's in front of us," PayPal CFO John Rainey said in a "Mad Money" interview.

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