Confirmed: PayPal Working on Crypto Capabilities

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PayPal is apparently working on cryptocurrency trading – that became clear from an open letter to he European Commission in March.
According to the abovementioned  letter, PayPal has begun working on bringing cryptocurrencies closer to its 320 million user base ever since it joined the Libra association. The company was also the first to leave Libra, followed by MasterCard and Visa, as well as a number of other companies.
Even though PayPal left Libra the company remained interested in dabbling in cryptocurrencies and here is the result.
Recently PayPal also suggested to European Union authorities to set a clear definition of cryptocurrencies, as well as to apply money laundering laws to the industry, all in the effort to accelerate the eventual licensing and regulation of cryptos within the EU.
Source
I had never imagined that PayPal may turn into a crypto exchange, but here we are.