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<p>The payment company is developing a financial super-application for <strong>US residents</strong> that will support tools for working with high-yield <strong>savings accounts</strong>, <strong>investment services</strong> and other services</p>



<p>Payment company <strong>PayPal </strong>has announced the launch of its own <strong>cryptocurrency wallet </strong>that <strong>US residents</strong> will be able to use.</p>



<p> This was announced by <strong>PayPal </strong>CEO <strong>Dan Shulman</strong> during a <a href="https://investor.pypl.com/home/default.aspx" target="_blank" rel="noreferrer noopener">conference with investors</a> for the second quarter of 2021.</p>



<p>According to him, the developers have already completed work on the <strong>wallet </strong>and in the coming months it will be integrated into the company&#8217;s super application. </p>



<p> <strong>PayPal Wallet </strong>users will be able to use additional functionality, as well as exchange messages.</p>



<p>In February, <a href="http://bloombergquint.com/business/paypal-looks-to-stock-trading-savings-in-push-beyond-checkout" target="_blank" rel="noreferrer noopener"><strong>Shulman </strong>announced</a> that the company plans to develop a financial super app (similar to <strong>Alipay </strong>and <strong>WeChat Pay</strong>).</p>



<p> It will combine tools for working with high-yield <strong>savings accounts</strong>, <strong>investment services</strong> and other services.</p>



<p>In July, <a href="https://newsroom.paypal-corp.com/2021-07-15-Increased-Purchase-Limits-for-Crypto-on-PayPal" target="_blank" rel="noreferrer noopener"><strong>PayPal</strong> increased</a> the weekly limit on the purchase of <strong>cryptocurrency </strong>for some US clients to $ 100,000. </p>



<p>Previously, users could <strong>purchase digital assets</strong> for an amount not exceeding $ 20,000. In May, the payment company allowed users to <a href="https://www.coindesk.com/paypal-will-let-customers-withdraw-crypto-exec-says" target="_blank" rel="noreferrer noopener">withdraw their <strong>cryptocurrency</strong></a><strong> </strong>to third-party wallets.</p>



<p><strong>PayPal</strong> customers from the <strong>United States</strong> had the opportunity to <a href="https://cointopsecret.com/2021/03/30/paypal-allows-users-to-pay-with-cryptocurrency/">pay with <strong>cryptocurrency</strong></a><strong> </strong>back in March this year. <strong>Digital coins</strong> are converted to fiat at the time of payment.</p>



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